Elm shareholders approve raising audit committee seats

Elm Co.’s shareholders gave the green light for increasing the number of audit committee seats from four to five, during the extraordinary general meeting (EGM) held on May 29.

They appointed Abdulrahman Al-Odan as an independent committee member, the company said in a statement to Tadawul.

Shareholders also approved to amend Article 2 of the company’s bylaws, with respect to the company name.

Additionally, they elected independent board members from among the candidates for the current term, which commenced on Nov. 25, 2021.