ESHRAQ INVESTMENTS P.J.S.C Clarifying Disclosure Regarding the Approval of Proxies | premargin
ESHRAQ INVESTMENTS P.J.S.C Clarifying Disclosure Regarding the Approval of Proxies
·ADX·General Disclosure | Announcements·March 25, 2026·View on exchange
AI Summary
Eshraq Investments PJSC clarified rules for shareholder proxy delegation, prohibiting the appointment of Board members, company staff, or securities brokerage employees as proxies.
A delegated person representing multiple shareholders is restricted from holding more than 5% of the company’s total issued capital.
Signatures on powers of attorney must be authenticated by a Notary Public, a Chamber of Commerce, a licensed bank, or another authorized attestation entity.