Arabian Pipes shareholders to vote on amending bylaws on March 30

Arabian Pipes Co.' shareholders will vote on amending the company’s bylaws during the extraordinary general meeting that will be held for the third time on March 30, 2021, according to a bourse filing today, March 7, 2021.

Shareholders will discuss amending articles of association related to the term of the company, capital increase and decrease, as well as the authorities and responsibilities of the board of directors.

They will also vote on amending articles of association related to the bonus of board members, powers of chairman, vice chairman and secretary, as well as the board of directors' meeting.

Other amendments on the agenda include the attendance of general meetings, corporate governance, as well as the policies and criteria of board of directors' membership, the statement added.

Shareholders will start e-voting for the agenda items from March 26, 2021.