KUOCO Approves Reduction of Board Members to Three

تم النشر على almowazi.com في 14 أبريل 2025
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The Kuwait United Poultry Company (KUPCO) held its extraordinary general assembly on Thursday, March 27, 2025, and approved an amendment to Article 16 of its articles of Association and incorporation to read as follows: 

•    The company shall be managed by a board of directors consisting of three members elected by the general assembly through secret ballot.
•    Each shareholder, whether an individual or a corporate entity, may appoint representatives on the company's board of directors in proportion to their ownership of shares.
•    The number of board members chosen in this manner will be subtracted from the total number of board members, allowing other shareholders to participate in electing the remaining members of the board, except to the extent that the number exceeds the proportion used for appointing their representatives on the board. 
•    This is subject to the approval of the relevant authorities.

Assemblies

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