Munawla Cargo Co. approves 3 regulations, including Governance

The Shipping Handling Company announced on Thursday to its shareholders the results of the extraordinary general assembly meeting (first meeting), which was held at 19:00 pm on Wednesday December 13 2023, which included the approval of 3 regulations: the Board of Directors work, the governance, and the audit committee’s work.

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

1. Approval of amending Article (2) of the company’s bylaws related to the company’s name.

2. Approval of amending Article (3) of the company’s bylaws related to the company’s purposes. (attached).

3. Approval of adding an article to the company’s bylaws No. (13) related to (the company’s purchase, sale, and mortgage of its shares).

4. Approval of adding an article to the company’s bylaws No. (14) related to (debt instruments and financing instruments).

5. Approval of amending the company’s bylaws in accordance with the new companies’ bylaws and rearranging the articles of the bylaws and numbering them to be consistent with the proposed amendments.

6. Approval of the remuneration policy for members of the Board of Directors and the committees emanating from the Board of Directors and Executive Management

7. Approval of the policy, standards and procedures for membership in the Board of Directors.