Ladun GA Elects 7 members to BOD

Ladun Investment Company announced on Monday the results of the Extraordinary General Assembly meeting (the first meeting), which was held on August 28 through modern technology.

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

• Approving board of directors’ decisions from the end of its term on 13/06/2022 until the Extraordinary General Assembly on 28/08/2022.
• Approving the election of the members of Board Directors for the next session, which begins on 28/08/2022 and for a period of three years until the date of 27/08/2025

1. Nasser Saad Saud Al-Arifi (Board Member)
2. Sulaiman Abdulaziz Nasser Albatli (Board Member and Chief Executive Officer)
3. Hassan AlHazmi
4. Adel Al-abdulsalam
5. Ibrahim Fahad Mohammed Al-Assaf (Vice Chairman of the Board of Directors)
6. Sultan Abdullatif Abdullah Naqli (Board Member)
7. Adel Abdulaziz Nasser Al-Abdulsalam (Board Member)

• Approving the formation of an Audit Committee, for the new term starting from the date of 28/08/2022, until the end of the Board’s session on 27/08/2025.
• Approving the Audit Committee charter.
• Approving the Remuneration and Nominations Committee regulations.
• Approving the remuneration policy of the board members, committees and executive management.
• Approving the company’s board of directors’ membership standards and policies.
• Approving the amendment of article (2) of the company’s articles of association, related the company name to become a public company.
• Approving the amendment of Article (21) of the Company’s Articles of Association related to (the powers of the President, Vice-President, Managing Director and the Secretary of the board). their authority Regarding the real estate.
• Approving the addition of Article (13) of the Company’s Articles of Association related to (shares purchasing and pledging).
• Approving the amendment of Article (46) of the Company’s Articles of Association related to (dividends).
• Approving the amendment of Article (20) of the Company’s Articles of Association related to (Remuneration of the Board Directors members).