Herfy shareholders to vote on termination of board chairman on March 28

Herfy Food Services Co. announced, today, March 7, changing the date of its extraordinary general meeting (EGM) to March 28, the food chain said in a statement to Tadawul.

A new item was added to the EGM agenda, as shareholders will vote on terminating Board Chairman Moataz Al-Azzawi and board member Ahmed Al-Faleh, based on the request submitted by a company shareholder who owns more than 5% of Herfy’s capital.

Other items, including their vote on amending Articles No. 4, 9, and 14 of the company’s articles of association, were removed from the meeting’s agenda.

Herfy announced, on March 3, receiving a letter from one of the shareholders, who owns more than 5% of the company’s capital, Argaam reported.