Budget Saudi agrees to amend company’s bylaws in line with new companies’ system

The Board of Directors of United International Transportation Company (Budget Saudi) announced on Sunday the results of the Extraordinary General Assembly (Second Meeting), which was held on Thursday, 24/08/2023 at 7:30 pm by using modern technology means.

Voting Results:

1. Approval on the amendment of the company’s bylaws to be in line with the new companies’ bylaws.

2. Approval on the amendment of the Remuneration and Nomination Committee Charter.

3. Approval on the amendment of the Audit Committee Charter.

4. Approval on the amendment of the Policies, Standards, and procedures for membership in the Board of Directors.

5. Approval on the amendment of the policy for the remuneration of the Board of Directors, its committees, and the executive management.

6. Approval on the amendment of Article (3) of the company’s bylaws related to (the company’s objectives).

7. Approval on the amendment of Article (26) of the company’s bylaws related to (the quorum for the board meeting).