Taiba’s shareholders to elect new board on Dec. 20

Taiba Holding Co. has invited its shareholders to attend its ordinary general assembly on Dec. 20, 2017, at the company’s headquarter in Medina.

During the meeting, shareholders will elect a nine-member board of directors for the upcoming term starting on Jan. 1, 2018, through cumulative voting system, the company said in a statement on Tadawul.

The general assembly will also vote on updated rules for nomination and remunerations committee, along with policies and standards of the board and remuneration policies for the board and top executives.