Arabic Digital Financial Service Company held its Extraordinary General Meeting (EGM) in January and passed a resolution to increase the number of its board members. Accordingly, the EGM approved the amendment of Article (27) of its Articles of Association related to the Board of Directors as follows: The company is managed by a board consisting of no less than 5 members, and the term of membership is three years, subject to renewal.
If it was not possible to elect a new board of directors on the date specified for that purpose, the existing board shall continue to manage the company’s affairs until the situation is resolved and a new board of directors is elected.