Elm shareholders to vote on raising audit committee seats on May 29

Elm Co.’s shareholders will vote on increasing the number of audit committee seats from four to five, during the extraordinary general assembly meeting (EGM) that will be held on May 29.

They will vote on appointing Abdulrahman Al-Odan as an independent committee member, the company said in a statement to Tadawul.

The shareholders will also vote on amending Article 2 of the company’s bylaws, with respect to the company name.

Other items on the agenda include electing independent board members from among the candidates for the current term, which commenced on Nov. 25, 2021.

All shareholders, who are registered on Tadawulaty can remotely vote on the agenda items starting May 25.