Alandalus shareholders approve updated board policies

Alandalus Property’s general assembly approved on Sunday updated policies for board membership as well as the remuneration policy for board members and executives, the company said in a bourse statement.

Shareholders also approved updated rules for the audit and nominations and remunerations committees. 

In addition, they appointed Abdulrahman Al-Barak (independent member) as a new member of the board of directors, effective Dec. 4. He will also serve as chairman of the audit committee in place of Khalid Al-Sulie.