Banan buys land plots in Riyadh for SAR 20 mln

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Banan Real Estate Co.’s shareholders approved amending its bylaws during an extraordinary general meeting (EGM) held on Oct. 8, according to a statement to Tadawul.

 

The approved amendments include articles related to the shareholders’ register, increasing capital, the powers of the council, and the remuneration of board members, as well as the powers of the chairman, deputy, managing director, and secretary.

 

This is in addition to approving the amendment of other articles and ratifying related-party transactions.

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