Al-Riyada Industrial Company Amends Article (16) of its Articles of Association

تم النشر على almowazi.com في 13 يناير 2022

Al-Riyadah Industrial Company held its Extraordinary General Meeting (EGM) on Thursday, December 16, 2021, and passed a resolution to amend Article (16) of its Articles of Association as follows: The Chairman of the board of directors or any member of this board may not have any direct or indirect interest in contracts and deals concluded with or for the company. The Chairman and the board members, even if they represent a legal entity, may not exploit the information they obtained, by virtue of their position, to gain any benefits for themselves or others. They may sell or buy their shares during the term of their membership in the Board of Directors.

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