30th January 2010
Al-Muttahed Holds its General Meeting with Optimism.
The United Company for Investment and Real Estate Development (Al-Muttahed) held its second Ordinary General Meeting and fourth Extraordinary General Meeting at the Company’s offices on Saturday 15.2.1431 Hijra corresponding to 30.01.2010 in the presence of representatives of the Ministry of Commerce.
All topics on the agenda were unanimously approved without opposition. All the shareholders expressed their support to the policies of the Board of Directors in respect of its legal issues, operational activities and future plans.
All the participants in the meeting expressed their thanks and appreciation to HRH Prince Faisal bin Ahmed bin Abdul Aziz Al Saud, Chairman of the Board for his tremendous efforts made to protect the Company’s and shareholders’ rights during the critical period experienced by the Company. The shareholders also underlined the need for the Ministry of Commerce to play its expected role of protecting the shareholders’ rights by reducing the Company’s capital against the assets that have not yet been completed or transferred to Al-Muttahed by its former Board Chairman.
Photo Caption:
Centre: HRH Prince Faisal bin Ahmed bin Abdul Aziz Al Saud, Chairman of the Board of Directors, to the left Mr. Hisham bin Abdul Aziz Al Dakhil, Managing Director and to the right Mr. Abdul Mohsen bin Abdul Aziz Al Fares, Board member during the second Ordinary General Meeting and fourth Extraordinary General Meeting.
