Riyadh — Mubasher: Development Works Food Company announced the results of its third extraordinary general meeting (EGM) held on 13 October 2026, where shareholders representing 20.59% of the capital approved key corporate resolutions.
The meeting, conducted via modern technology, saw the approval of amendments to Article 4 of the company’s bylaws concerning the company's objectives, with a majority vote of 94.52%.
Shareholders also elected Wesam Khalid Abdullah Hindawi as an independent member to fill a vacant seat on the board of directors. His term for the current session began on 30 October 2024 and is scheduled to conclude on 29 October 2027.
The appointment received 48.51% of the votes in favor, while 4.12% of the votes were abstentions.
Regarding the bylaw amendment, dissenting votes accounted for 2.75%, while 2.72% of the votes were abstentions. The assembly convened at 19:00 and followed the legal requirements for a third meeting regardless of the number of shares represented.
