Bawan shareholders to vote on 3 mln share buyback to retain as treasury shares on Sept. 19

Logo of Bawan Co.

Bawan Co.’s shareholders will vote on repurchasing three million shares to retain as treasury shares, during the extraordinary general meeting (EGM) slated for Sept. 19, according to a bourse statement.

Shareholders will also elect board members for the next three-year term, commencing from Sept. 26, 2022.

Furthermore, they will vote on forming the audit committee as well as defining its duties, work regulations and remuneration for the same three-year term. The candidates are independent members, Abdullah Al-Rowais, Abdullah Al-Hussaini and Khenneth Ebrahim.

Shareholders will discuss amending Article 14 of the company’s bylaws related to purchase and mortgage of shares.