Taiba Holding shareholders allow board members competitive activities

Taiba Holding Co.’s shareholders in the general assembly meeting held on Monday allowed some board members to engage in competitive activity for one year, starting January 1, 2018.

Those board members are Walid Al Essa, Anas Saerafi, Turki Al Sudairy, AbdulAziz Al Duailej, the Public Investment Fund (PIF) and the Public Pension Agency (PPA).

Shareholders also approved electing board members AbdulAziz Al Duailej, Feras Al Qurashi and Mohammed Al Grainees as members of the audit committee for three years as of Jan. 1 this year, as per the rules and regulations approved by the board of directors on June 4, 2017.