Dar Almarkabah agrees to dismiss BOD member

The Board of Directors of Dar Almarkabah for Renting Cars Company announced on Thursday the results of the Extraordinary General Assembly (First Meeting), which was held on Wednesday 22 Jumada Alawal 1445 H, corresponding to 06 December 2023 at 07:00 PM through the contemporary technology means.

According to the company’s statement on Tadawul, the results of the assembly were as follows:

1. Approval of the amendment of Article (3) of the company’s bylaws (Company Purpose).

2. Approval of the amendment of Article (24) of the company’s bylaws (Powers of the President, Vice President, Managing Director, and Secretary).

3. Approval of the amendment of Article (49) of the company’s bylaws (Distribution of Dividends).

4. Approval of the amendment of the Company’s Articles of Association in accordance with the new Companies law and rearranging the articles of the Articles of Association and their numbering according to the proposed amendments mentioned.

5. Approval to dismiss the current Board of Directors member, Mr.Iyad Muhammad Amin Bakhsh, based on the request of Ms. Sharifa Moeed Al-Zahrani, who owns more than (10%) of the company’s capital, and the justifications for the request (for failure to comply with the duties of care and loyalty and exploitation of the company’s assets).

6. Approval of policy and procedures for membership in the Board of Directors.