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Developmental Food shareholders choose independent director
The Food Development Business Company announced the results of its third extraordinary general assembly meeting held in Riyadh. The shareholders approved an amendment to Article Four of its bylaws to enhance the flexibility of its activities and to update its organizational structure. Additionally, Wissam Khaled Hindawi was elected as an independent member of the board of directors for the term from October 30, 2024, to October 29, 2027. He received approval from 48.51% of the votes, with abstentions accounting for 4.12%. This meeting aims to ensure the continuity of key decision-making and to develop the company's structure in accordance with Saudi regulations.
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