Sumou Real Estate Approves Selection of 5 Members for BOD

Sumou Real Estate Company announced on Thursday the results of the Ordinary General meeting (First Meeting) including the approval to select five members for the Board of Directors.

The meeting was held after the quorum was secured through modern technology means from the company’s headquarters in Khobar – Prince Turki Bin Abdulaziz Road – Sumou Tower

Percentage of Attending Shareholders  86.59%

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

1.Approving on the election of the Board of director’s members among the candidates for the next session, which begins on 24-12-2021 G for a period of three years ending on 23-12-2024 G , and they are:

-Mr.Ayedh Farhan Al-Qahtani

-Mr.Saeed Salem AL Nahdi

-Mr.Faisal Abdullah Alkhaldi

-Mr.Khalid Saleh AL Aqeel

-Mr.Essam Ahmed Kalthoum

2.Approving on delegating the Board of Directors (elected for the next session) with the authority of the Ordinary General Assembly relating to the permission mentioned in paragraph (1) of Article (71) of the Companies Law, for one year from the consent date of the Ordinary General Assembly or until the end of the Board of Directors session whichever is earlier, in accordance with the regulatory rules and procedures issued and pursuant to the companies law relating to listed joint stock companies.