Riyadh — Mubasher: Sadr Logistics Company has invited its shareholders to an extraordinary general meeting (EGM) scheduled for 23 November at 18:30.
The meeting, to be held via modern technology, will address several key structural and financial proposals.
Shareholders will vote on the transfer of the company’s statutory reserve balance, totaling SAR 1.94 million as of the financial statements for the period ended on 30 June 2026, to the retained earnings or accumulated losses account.
The agenda also includes a proposal to amend Article 8 of the company’s bylaws to reduce the number of board of directors members to 4 from the current 5.
Additionally, the assembly will vote on amendments to the remuneration policy and the regulations governing the Remuneration and Nominations Committee, following board decisions made on 22 October.
Electronic voting for registered shareholders on the Tadawulaty platform is set to begin at 1:00 AM on 19 November and will remain open until the conclusion of the assembly.
Attendance and voting eligibility are restricted to shareholders registered at the Depository Center by the end of the trading session preceding the meeting.
