The General Assembly of “Nayifat” approves the election of a new board of directors
Nayifat Finance Company announced the results of the extraordinary general assembly meeting (first meeting) held yesterday, Sunday.
The company said in a statement on its website: "Saudi Arabia trading"The results of the vote on the assembly’s agenda included:
1- Disapproval of amending Article (12) of the company’s bylaws, related to (company management) by reducing the number of members from (8) to (6) members.
2- Approval of electing members of the Board of Directors from among the candidates for the next session, which will begin on 03-11-2025 AD for a period of three years, and end on 02-11-2028 AD, as item No. was not approved. (1).
The members are: Saud Al-Dossari, Eid Al-Shammari, Hossam Al-Azzawi, Sami Al-Zakri, Fahd Al-Subaie, Anas Al-Sheikh, Nayef Al-Saif, Nayef Al-Deghaither.
3- Approval of authorizing the Board of Directors to distribute interim dividends on a quarterly/semi-annual basis for the fiscal year 2026 AD.
4- Approval of authorizing the elected Board of Directors to have the authority of the Ordinary General Assembly with the permission received. In Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint-stock companies.
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