Raydan shareholders approve amending bylaws on firm’s objectives

A branch of Raydan Food Co.

Raydan Food Co.’s shareholders approved amending Article 3 of the company's articles of association, related to the company's objectives, during the extraordinary general meeting (EGM) held on April 27, 2021.

Shareholders also ratified the amendment of Article 4, relating to participation and ownership in companies, the firm said in a bourse statement.

The vote on the remuneration policy for the board of directors, its committees, and the executive management was cancelled due to the company not completing the requirements for electronic voting. It will be voted on in the next meeting.

Shareholders did not approve the appointment of Amjad Kutbi as a member of the audit committee.