Alarabia announces the Board of Directors’ recommendation to increase the number of Board members
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Contracting Services Co. announces the recommendation of the Company's Board of Directors on Sunday, 07 Safar 1446 (corresponding to 11 August 2024) to amend the Company's Bylaws to add one (1) additional seat on the Company's Board of Directors, thus bringing the total number of Board of Directors seats to seven (07).
This step aims to introduce more diversity in experience and expand the range of skills and opinions on the Board of Directors, as the Company prepares to enter a new and promising phase of growth and expansion. The company will obtain the necessary approvals from the relevant authorities and present this recommendation at the upcoming Extraordinary General Assembly meeting, which will be announced later. |
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