On Thursday, April 6, 2023, Tamkeen Holding Company held its (deferred) Extraordinary General Meeting (EGM). During the meeting, the dissolution and liquidation of the company were approved through a mutually agreed-upon agreement in accordance with the provisions outlined in Companies Law No. 1 of 2016. The liquidation period was established as one year, commencing from the date of registration in the Commercial Register.

The EGM also granted approval to appoint Dr. Fatima Saqr Al-Rushoud as the liquidator of the company in accordance with the relevant legal provisions. Dr. Al-Rushoud was given full legal authority to execute the decision to dissolve and liquidate the company. Additionally, she was authorized to engage the necessary advisory bodies to facilitate the liquidation process. The EGM further authorized the company's board of directors to determine the liquidator's fees. The AGM agenda items were successfully endorsed and approved by shareholders holding and representing 26,944,067 shares, which is equivalent to 40.366% of the total shares of the company's capital. This figure represents 73.754% of the shares held by the attending shareholders.