Abdullah Abdul Mohsen Al-Khudari’s Sons Company, who own shares representing approximately 5.007% of the capital, called for the dismissal of some members of the Board of Directors and the filing of a liability claim against the members of the previous Council.
>According to Arabia Net, the company said in a statement to the Saudi Stock Exchange, Tadawul, that the shareholders demanded the dismissal of a member of the Board of Directors Ali Abdullah Abdul Mohsen Al-Khudari, and the dismissal of the board member Jamil Abdullah Abdul Mohsen Al-Khudari, member of the board of directors Fawaz Abdullah Abdul Mohsen al-Khudari was dismissed, and a liability lawsuit was filed against the former council members for their mismanagement of the company's affairs.
They also demanded that the current council be authorized to carry out statutory procedures to file a case and to appoint a person whom the council deems necessary to represent the company before the competent arbitrator.
The company confirmed that it will take the necessary regulatory measures regarding these requests.
