Emaar EC EGM approves amending by laws

Emaar, the Economic City Co.’s (Emaar EC) shareholders approved amending bylaws related to chairman powers, vice chairman, managing directors, and secretary, as well as the board quorum.

The decisions came during the extraordinary general meeting (EGM) held on June 25, the company said in a statement to Tadawul.

During the meeting they also approved amending the audit committee’s charter and ratified the competition standards and procedures for members of the board, committees and executive management.

Meanwhile, they approved related party transactions.