FADECO shareholders elect new board for 3-year term

Logo of Arabian Food and Dairy Factories Co. (FADECO)

Arabian Food and Dairy Factories Co. (FADECO) shareholders approved the election of board members for the upcoming three-year term, which ends on Nov. 4, 2026, during an extraordinary general meeting (EGM) held on Nov. 5, according to a statement to Tadawul.

The newly elected board members are Khaled Al-Qahtani, Abdul Mohsen Al-Qahtani. Mohammed Al-Rassam, Salman Al-Asmari, and Turki Al-Baiz.

Moreover, FADECO's shareholders agreed to include an article in the company's bylaws regulating the repurchase, sale, and mortgage of the company's shares. The number of the new article is 12, the statement added.

They also approved a number of businesses and contracts concluded with other companies for board members who have indirect interests in them.