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United Development Co.: The AGM and EGM Endorses items on it's agenda

United Development UDCD -0.44% 1.13 -0.01

United Development Co. announces the results of the AGM and EGM. The meeting was held on 09/06/2024 and the following resolution were approved

Agenda for the Ordinary General Assembly

1- Approval of the Meeting Agenda.

2- Approval of the Nomination Policy Titled "Nomination Procedures and Criteria for Membership of United Development Company Board of Directors".

Agenda for the Extraordinary General Assembly

1- Approval of the Meeting Agenda.

2- Approval of Selling 40% Share Percentage of United Development Company's Stake in Qatar District Cooling Company.

3- Approval of Amending Article (9) of the Company's Articles of Association (AOA) Regarding Foreign Ownership Percentage of the Company's Shares to Become 100% and Delegate the Chairman of the Board of Directors the Authority to Approve the Amendment.

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