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Al-Kimiyā'iya Shareholders Approve By-law Changes
Shareholders of Saudi Chemical Company Holding approved fundamental amendments to the company's bylaws aimed at improving corporate governance and enhancing the board's flexibility. The amendments included modifying Article 17 related to management, deleting Article 43 regarding the fiscal year, and adding a new article that grants broader powers to the Chairman and Board Members. This reflects the company's move to update its regulations in line with current regulatory requirements. Company leaders attended the meeting, and the decisions focused on strengthening governance and establishing a more flexible regulatory framework.
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