The Extraordinary General Assembly of OTC 494 North Africa Holding Company, held on September 8, 2025, approved the reduction of the number of Board members from eight (8) to four (4).
It also approved the amendment of Article No. (14) of its Articles of Association to read as follows:
"The company shall be managed by a Board of Directors consisting of four (4) members elected by the General Assembly through secret ballot. Each shareholder, whether a natural or legal person, may appoint representatives to the company’s Board of Directors in proportion to the shares they own, all in accordance with the provisions set forth in the Companies Law."