Halwani Brothers shareholders pass bylaws changes
Al-Halwani Brothers Company announced the results of its extraordinary general assembly meeting held in Jeddah, during which fundamental amendments to the company's Articles of Incorporation were approved. These amendments involved updating the legal and administrative structure, covering 18 articles related to incorporation, the company’s name, shareholder rights, the powers of the Board of Directors, as well as organizing the electronic voting mechanism. Additionally, shareholders approved commercial transactions with related parties during 2025, which included contracts with companies related to the Board of Directors. The company confirmed that all transactions were conducted in accordance with commercial standards and without any preferential conditions. Furthermore, approval was given for the appointment of an external auditor to review the financial statements, for a fee of 535,000 Riyals.
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