Saudi Airlines Catering agrees to amend article in bylaws related to BOD Chairman, his deputy, and Managing Director

15 Oct 2023

Riyadh - Maaal

Saudi Airlines Catering Company announced on Sunday the results of the extraordinary general assembly meeting (first meeting) held at six-thirty (18:30) in the evening on Thursday, October 12, 2023.

Voting Results:

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

اقرأ المزيد

2. Approval of the amendment of article (2) of the Company’s Bylaw regarding the Name of the Company.

3. Approval of the amendment of article (4) of the Company’s Bylaw regarding the Company’s activities.

4. Approval of the amendment of article (5) of the Company’s Bylaw regarding the Participation with other Companies.

5. Approval of the amendment of article (9) of the Company’s Bylaw regarding Preferential Shares.

6. Approval of the amendment of article (11) of the Company’s Bylaw regarding the Shares Issuance.

7. Approval of the amendment of article (13) of the Company’s Bylaw regarding the Buy-Back of Shares.

8. Approval of the amendment of article (22) of the Company’s Bylaw regarding the Remunerations of the Board of Directors Members.

9. Approval of the amendment of article (23) of the Company’s Bylaw regarding the Chairman of the Board, Vice-Chairman, ‎ Managing Director and Board Secretary.

10. Approval of the amendment of article (28) of the Company’s Bylaw regarding the General Assembly.

11. Approval of the amendment of article (47) of the Company’s Bylaw regarding Dividends Distribution.

12. Approval of the re-arranging and re-numbering of the articles of the Company’s bylaws, to be in line with the recommended amendments.

13. Approval of the amendment of Company’s Corporate Governance Manual regarding.

14. Approval of the Board of Directors’ resolution to appoint Mr. Dilip Nijhawan as a member of the Audit Committee, starting from 11/05/2023G until the end of the current committee session ending on 25/01/2025G.

15. Approval of the Board of Directors’ resolution to appoint Mr. Faisal Saeed Sabbagh as a member of the Audit Committee, starting from 04/09/2023G until the end of the current committee session ending on 25/01/2025G.