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SAMI restructures board of directors


SAMI restructures board of directors
May 19, 2021
RIYADH Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced the outcome of its extraordinary general assembly meeting held recently, in the presence of SAMI’s Board representative and Vice-Chairman Dr. Ghassan Al-Shibl and PIF representative Omar Abalkhail.
Having completed the legal quorum in accordance with Article 30 of the company’s Articles of Association and having reviewed the assembly’s agenda, based on the results of the vote, the assembly approved all items put up to a vote.
This included the amendment of Article 12 of its Articles of Association, increasing the number of board members from nine to ten, and agreeing to restructure the company’s board of directors. ....

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