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They stressed the importance of preventing a wider escalation of the conflict, which threatens to further endanger peace and stability in the region
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Salam International Shareholders Get Right for Board Directorship
DUBAI - Salam International Investment Limited (SIIL) by-law grants each shareholder who owns 10 per cent of the company’s shares, which is equivalent to 9,315,168 shares, the right for board directorship, or to appoint a representative even if not a shareholder, and the owner of the multiples of (10 per cent) has the right to appoint more than one member.
The board of directors SIIL on Sunday also held its ordinary 59th meeting to announce the opening of candidacy and appointment for board directorship.
In a Press release signed by Dr. Adnan Steitich, Secretary Board of Directors SIIL mentions that in case the shareholder who owns 10 per cent or its multiples of the company’s shares does not exercise his right to appoint a board member, he will lose his right to elect the rest of the board members by votes equivalent to the mentioned percentage. BoD resolved opening candidacy and appointment of Board Directorship for shareholders who own more than 10 per cent of the company’s shares, starting from January 18th and for a month period. The announcement of candidacy, appointment and conditions will be published in local newspapers within next coming days.
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