L’azurde GA Amends Articles of Association, Including Article Related to Dividend Distribution of Preferred Shares

The Board of Directors of L’azurde Company for Jewelry announced on Tuesday the results of the Extraordinary General Assembly meeting (the third meeting) that was held yesterday Monday 26/12/2022, by means of modern technology, using the Tadawulaty system.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

• Approve amending Article (9) of the Company’s bylaws relating to (Preferred Shares).
• Approve amending Article (14) of the Company’s bylaws relating to (The Company Repurchasing Its Shares, Selling and Mortgaging Them)
• Approve amending Article (24) of the Company’s bylaws relating to (Quorum of Meetings and Decisions).
• Approve amending Article (49) of the Company’s bylaws relating to (Distribution of Dividend to Holders of Preferred Shares).
• Approve amending the Board Charter and Standards of membership of Board of Directors.
• Approve amending the Nomination & Remuneration Committee Charter.
• Approve amending the Policy for Remuneration of Board of Directors, Its Committees and Executive Management.