Arab Mills Assembly Reviews Governance and Compensation
The Arab Mills Company for Food Products announced that its ordinary General Assembly meeting will be held on November 15, 2026, to discuss and amend the regulations of the Audit Committee and the Nomination and Remuneration Committee, as well as the membership policy of the Board of Directors. Additionally, there will be updates to the compensation policies for board members and committees. The proposed amendments include determining the number of annual meetings, appointment mechanisms, and feedback schedules, along with proposals for annual remunerations of up to 250,000 Riyals for board members and 300,000 Riyals for the chairman, in addition to attendance allowances. The meeting aims to improve governance and ensure the implementation of the approved systems and regulations.
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