Al-Akaria Approves Board Members’ Participation in Competing Activity

Saudi Real Estate Co. (Al-Akaria) announced on Thursday that its Ordinary General Assembly Meeting, held on Wednesday, approved the participation of board members Naif Al Hamdan, Hathal Al Utaibi, and Mohammed Al-Malki in a competing activity.

The assembly also approved amendments to the following:

Remuneration and Nominations Committee bylaws.

Audit Committee bylaws.

Board of Directors and Committees Membership Policy and Criteria.

Remuneration Policy for Board Members, Subcommittees, and Executive Management.

Competition Controls and Standards Policy.