Nama shareholders call for voting on sacking current board

Nama Chemicals Co.’s major shareholders submitted a request for holding a general assembly meeting to vote on dismissing the existing board of directors and electing a new one, the company said in a bourse statement on Monday.

The general assembly meeting date will be announced later on after obtaining the required regulatory approvals, Nama added.

Nama has SAR 235.20 million in capital, divided into 23.52 million shares at a par value of SAR 10 each, Argaam earlier reported.

Ahmad Hamad Al Gosaibi & Brothers (AHAB) is the company’s major shareholder with a 7.40 percent stake, or 1.74 million shares.