Based on the invitation of the Chairman of the Board of Directors of MORS Holding Company to the esteemed shareholders, MORS Holding Company hereby announces its invitation to the shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) on Sunday, 29/06/2025, via the Eqrar platform "modern technology means," to discuss the items of the Extraordinary General Assembly:
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Amending Article Six (Capital) of the Bylaws: reducing the nominal value of the share from 10 SAR to 1 SAR, thereby changing the number of the Company's shares from 50,000 shares to 500,000 shares.
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Amending Article Eight (Management of the Company) of the Bylaws: by amending the number of Board of Directors members from 5 members to 3 members.
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Amending Article Eleven (Remuneration of Board Members) of the Bylaws: Board remuneration shall be a percentage of net profits, an attendance allowance per session, a fixed amount, or as determined by the Ordinary Assembly, provided that the Board remuneration value shall be 100,000 SAR, up to a maximum of 350,000 SAR.
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Accepting the resignation of the Board of Directors members.
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Reconstituting the members of the Board of Directors.
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Approving the contract with Mors Business Services Establishment, owned by a related party, Dr. Fahad Farooq Hakeem, regarding the management of Mors Company's operations through the employees of the Business Services Establishment for a fixed monthly amount of 20,000 SAR, starting from 01/07/2025.
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Terminating the operation of Eqrar Platform Establishment under Commercial Registration No. 7043114656, registered in the name of a related party, Dr. Fahad Farooq Hakeem, in which Mors Holding Company owns a 75% stake in the project, provided that it is converted into a Limited Liability Company during the upcoming period.