Abo Moati Assembly Discusses Board Election on Dec. 31

The Board of Directors of Abdullah Saad AboMoati CO for Bookstore announced on Tuesday that it invited the shareholders to participate and vote in the Extraordinary General Assembly Meeting (Third Meeting) scheduled to be held at 07:30 PM on Tuesday, Dec. 31, 2024.

Agenda:

– Voting on amending Article No. (16) of the Company’s Bylaws related to Number of Board of Directors members.

– Voting on the amendment Remuneration Policy for Board Members, Committees, and Executive Management.

– Voting on the amendment of the Audit Committee Regulations.

– Voting on the amendment Nomination and Remuneration Committee Regulations.

– Voting to pay (SAR 900,000) as remuneration for the Board Members for the financial year ended on March 31, 2024.

– Voting to elect members of the Board of Directors from among the candidates for the next session, which begins on Jan. 01, 2025 for 4 years until Dec. 31, 2028, according to the result of item No. (1).

Electronic voting on the items of the assembly begins at one o’clock in the morning on Sat., Dec. 28, 2024, until the end of the Assembly’s Meeting time.