CMA Announcement in regard to the formation of an interim committee to supervise the management of Abdullah A. M. Al-Khodari Sons Co. (Company) and to summon the general assembly to convene in order to elect a new Board of Directors
As part of the Capital Market Authority's continuous efforts to regulate the capital market and protect investors, and Based on the authority granted to the Capital Market Authority in Article (69) of the Company's Law issued by the Royal Decree (M/3) and dated 28/1/1437H; and due to the resignation of all board members of Abdullah A. M. Al-Khodari Sons Co. (Company) as of 04/04/2021G.
CMA's board resolution was issued on 23/08/1442H corresponding to 05/04/2021G, to form an interim committee to supervise the management of National Agricultural Marketing Company and to summon the general assembly to convene within no later than three months from the date on which such committee is formed in order to elect a new Board of Directors, the committee shall start its duties on 24/08/1442H Corresponding to 06/04/2021G.
The CMA board has decided to appoint the following members in the interim committee:
1. Dr. Abdulrahman Mohammed Alangari(Chairman)
2. Mr.Abdulrahman Abdulmohsen Alnafea (Vice Chairman)
3. Mr. Saad Flah Alqahtani (Member)
This reflects the Authority's efforts to regulate the financial market, protect the investors and enable them to carry out their rights and responsibilities, which were included in the regulations and legislation issued in this regard. The Capital Market Authority also assures its devotion to apply the Capital Market Law and the Companies Law and their Implementing Regulations to enhance the protection of the capital market and the investors from unfair practices.
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