ARTEX shareholders OK election of board members for next term

Logo of ARTEX Industrial Investment Co.

ARTEX Industrial Investment Co.’s shareholders approved the election of board members from the list of candidates for the upcoming four-year term, which will commence on Jan. 23, 2025.

The decision was made during the ordinary general meeting (OGM) held on Dec. 25.

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In a statement to Tadawul, the company announced the election of the following individuals to the board: Suleiman Al-Abdullatif, Abdullatif Al-Abdullatif, Fahad Al-Abdullatif, Feras Albawardi, Samir Haddad, Mohammed Alresheid, and Majed Al-Osailan.

Shareholders also approved authorizing the elected board to exercise the General Assembly’s authority under Paragraph (1) of Article 27 of the Companies Law.

This authorization will be valid for one year from the date of shareholders approval or until the end of the term of the authorized board, whichever comes first.

Additionally, shareholders approved amendments to the Audit Committee’s Charter and the Nomination and Remuneration Committee’s Charter, as well as revisions to the policies, standards, and procedures for board membership.