Logo of Dar Almarkabah for Renting Cars Co.
Shareholders of Dar Almarkabah for Renting Cars Co. approved on Dec. 6 to dismiss Iyad Bakhsh, based on the request of Sharifa Moeed Al-Zahrani, who owns more than 10% of the company’s capital.
In a statement to Tadawul, the company pointed out that Al-Zahrani’s request is based on the board member’s non-compliance with duties of care and loyalty and his exploitation of the company’s assets.
In November, Dar Almarkabah received a letter from a substantial shareholder, requesting to hold an extraordinary general meeting (EGM) to vote on the removal of board member Eyad Bakhsh.
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