Elm assembly agrees to amend dividend distribution policy

Elm announced on Sunday the results of the Extraordinary General Assembly meeting (first meeting), which were as follows:

1. Approve 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.

2. Approve the amendment of Article (03) of the Company’s Articles of Association related to (Purposes of the Company).

3. Approve the amendment of Article (12) of the Company’s Articles of Association related to (Shares Trading).

4. Approve the amendment of Article (18) of the Company’s Articles of Association related to (The Company Management).

5. Approve the amendment of Article (21) of the Company’s Articles of Association related to (Powers of the Board of Director).

6. Approve the amendment of Article (23) of the company’s Articles of Association related to (Powers of the Chairman of the Board of Directors, Deputy–Chairman, and Secretary).

7. Approve the amendment of the Dividend Policy.

8. Approve the amendment of the Audit Committee Charter.

9. Approve the amendment of the Nominations and Remuneration Committee Charter.

10. Approve the amendment of the Remuneration Policy of the Board of Directors, its subcommittees, and the executive management.

11. Approve the amendment of the Nomination Policy and Standards for the Membership of the Board of Directors.