Awzan United Holding Company held its Extraordinary General Meeting (EGM) on Monday, 28 March 2022, and passed a resolution to amend Article (13) of its Articles of Association as follows: The company is managed by a board of directors consisting of five (5) members elected by the general assembly by a secret ballot.

Every shareholder, whether a natural or legal person, may appoint representatives on the company’s board pro-rata to their shares. Shareholders who are represented on the Board of Directors may not participate with the other shareholders in the election of the remaining members of board members except within the remaining available limits for the appointment of their representatives.

 group of shareholders may jointly agree to appoint one or more board members by adding their collective number of shares.  The term of board membership is 3 years subject to renewal.