Waja approves key bylaw changes
Woga Company announced that it has made significant amendments to its foundational system following the Extraordinary General Assembly meeting. These included increasing the number of board members from 5 to 7, and modifying provisions related to governance, issuance of debt instruments, and Islamic financing sukuk to enhance financial flexibility. Shareholders also approved unanimously, exceeding 99.99%, a provision regarding the participation and ownership of other companies. Additionally, Majid Abdullah Al Essa was appointed as an independent member of the board to complete a term extending until March 2028, aimed at expanding leadership capabilities and strengthening the company's strategic decisions.
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