Wafra Industrial and Development Company has received a letter from some shareholders who own shares representing 7.14% of the company's capital requesting the dismissal of members of the company's board of directors.

According to Arabiya Net, the company said in a statement, that these shareholders demanded the election of new members from the candidates for membership in the Board of Directors.

She added that the company’s board of directors had instructed that the request be taken according to the relevant rules and regulations.

The company will take the necessary regulatory measures regarding the mentioned requests, and any developments in this regard will be announced in time.

Wafra Industrial and Development Company announced that its accumulated losses decreased to zero, by 0% of the capital.

Referring to the announcement of the company on Tadawul on 16-08-1441 AH corresponding to April 09, 2020 about the results of the extraordinary general assembly meeting that included approval to reduce the company's capital .

The company had said in a statement to the Saudi Stock Exchange, Tadawul, that the association did not agree to absolve the members of the board of directors from last year, but at the same time it agreed to a report The Board for the past year, and the Association also approved the financial statements of the company for the year 2019.


(Amazon fun of knowledge)