Al-Thuraya Storage & Cooling Company amends its Articles of Association

تم النشر على almowazi.com في 01 نوفمبر 2021

Al-Thuraya Storage and Cooling Company held its Extraordinary General Meeting (EGM) on Wednesday, September 22, 2021 at 10:30 a.m. and approved to amend Article (17) of its Articles of Association as follows: The Chairman of the Board of Directors or any of the members of this Board may not have any direct or indirect interest in any agreements or deals concluded with the company or for in its behalf unless it is authorized by the Annual General Meeting. They may not participate in the management of a company that has similar activities or that is competing with this company. The Chairman of the Board of Directors and all members of the board- even if they represent a legal entity – may not use the information they acquired by virtue of their position to obtain a benefit for themselves or others. A member of the Board of Directors may dispose of his shares in the company during his membership in the Board, without violating the restrictions imposed on the disposal of shares pursuant to the Companies Law, the Company’s Memorandum of Incorporation or these Regulations.

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