Emaar The Economic City GA elects BOD members

Emaar The Economic City announced on Tuesday the results of the Extraordinary General Assembly Meeting, (First Meeting), which included the approval of the election of the members of the Company’s Board of Directors for a new three-year term starting from 26/09/2023 and ending on 25/06/2026.

The following Board members attended the meeting:

1. Mr. Jamal Majed Bin Theniyah (Vice Chairman)

2. Mr. Mohammed Nabil Hefni

3. Mr. Arif Abdulla Al-Bastaki

4. Mr. Osama Omar Barayan

5. Mr. Mansour Abdullrahman Al-Salem

6. Mr. Naif Saleh Al-Hamdan

7. Mr. Qusai Abdullah Al-Fakhri

8. Mr. Hani Othman Baothman

Apologized for not been able to attend:

Mr. Fahad Abduljalil Al-Saif(Chairman)

2. Approval on the decision of the Board of Directors for appointing Mr. Mansour Abdulrahman Al-Salem (Non-executive member) as a member in the Board of Directors from the appointment date 30/07/2023 to complete the session of the Board until the end of the current session on 25/09/2023 to succeed former member Mr. Abdullah Ibrahim Al-Howaish (Non-executive member).

3. Approval on the amendment to Article No. (3) of the company Bylaws which relating to Company’s Objectives.

4. Approval on the amendment to Article No. (4) of the company Bylaws which relating to Participation with other Companies.

5. Approval on the amendment to Article No. (6) of the company Bylaws which relating to Duration of the Company.

6. Approval on the amendment to Article No. (8) of the company Bylaws which relating to Subscription.

7. Approval on the amendment to Article No. (9) of the company Bylaws which relating to Preferred Shares.

8. Approval on the amendment to Article No. (10) of the company Bylaws which relating to Debt Instruments and Sukuk.

9. Approval on the amendment to Article No. (11) of the company Bylaws which relating to Non-Payment of Shares.

10. Approval on the amendment to Article No. (12) of the company Bylaws which relating to Issuance of Shares.

11. Approval on the amendment to Article No. (13) of the company Bylaws which relating to Shareholders Register and Transfer of Shares.

12. Approval on the amendment to Article No. (15) of the company Bylaws which relating to Increase of Capital.

13. Approval on the amendment to Article No. (20) of the company Bylaws which relating to Powers of the Board of Directors.

14. Approval on the amendment to Article No. (22) of the company Bylaws which relating to Powers of Chairman, Vice Chairman, Managing Directors, and Secretary.

15. Approval on the amendment to Article No. (25) of the company Bylaws which relating to Minutes and Deliberations of Meetings.

16. Approval on the amendment to Article No. (27) of the company Bylaws which relating to General Assembly Attendance.

17. Approval on the amendment to Article No. (29) of the company Bylaws which relating to Extraordinary General Assembly.

18. Approval on the amendment to Article No. (32) of the company Bylaws which relating to Quorum of Ordinary General Assembly.

19. Approval on the amendment to Article No. (33) of the company Bylaws which relating to Quorum of Extraordinary General Assembly.

20. Approval on the amendment to Article No. (34) of the company Bylaws which relating to Voting Rights.

21. Approval on the amendment to Article No. (35) of the company Bylaws which relating to General Assembly Resolutions.

22. Approval on the amendment to Article No. (36) of the company Bylaws which relating to Deliberations in General Assembly Meetings.

23. Approval on the amendment to Article No. (37) of the company Bylaws which relating to Proceedings of the General Assembly.

24. Approval on the amendment to Article No. (42) of the company Bylaws which relating to Appointment of Auditor.

25. Approval on the amendment to Article No. (43) of the company Bylaws which relating to Auditor Powers.

26. Approval on the amendment to Article No. (46) of the company Bylaws which relating to Financial Documents.

27. Approval on the amendment to Article No. (51) of the company Bylaws which relating to Liability Action.

28. Approval on the amendment to Article No. (53) of the company Bylaws which relating to Concluding Provisions.

29. Approval on the amendment to Article No. (54) of the company Bylaws which relating to Concluding Provisions.

30. Approval to amend the Articles of Association of the company to comply with the new Companies Law, and to rearrange the Articles of Association and their numbering to comply with the proposed amendments.