SHL shareholders approve rename to SHL Financing

Logo of Saudi Home Loans Co.

Saudi Home Loans Co.’s (SHL) shareholders approved amending Article 2 of Articles of Association to change the company’s name from Saudi Home Loans Co. (a closed joint-stock company) to SHL Financing Co. (a public joint-stock firm), during the extraordinary general meeting (EGM) held on Feb. 14.

Shareholders also approved amending Article 3 of Articles of Association related to the company’s activities, SHL said in a statement on Tadawul.

Meanwhile, they elected board members for the upcoming three-year term started on Feb. 14, 2023.

The elected members are Yousef Al Shelash, Obaid Alrasheed, Ahmad Al-Dehailan, Kamal Amin Khadr, Ziyad El-Chaar, Othman Bader, Ayham Al-Yousef, Saud Al-Qusayer, Faris Al Humaid, Abdulelah Al Shaikh and Abdulaziz Al Anber.

In addition, they elected members of the audit committee for the new term. The members are Mohammed Alageel (independent non-board member), Ahmad Al-Dehailan (non-executive board member), Yazeed Al-Suwailem (independent non-board member), Thamer Al-Wadey (independent non-board member) and Saud Al-Qusayer (independent board member).