Al Seer Marine Supplies & Equipment Company P.J.S.C Article of Association Amendment | premargin
Al Seer Marine Supplies & Equipment Company P.J.S.C Article of Association Amendment
·ADX·General Disclosure | Article of Association Amendment ·March 17, 2026·View on exchange
AI Summary
Al Seer Marine (ASM) proposed comprehensive amendments to its Articles of Association, including updated definitions and governance procedures.
The board composition requirements in Article 19 now mandate at least one seat for women and specify that one-third of the five-member board must be independent.
A new clause added to Article 17 requires any increase or reduction of share capital to be approved via a Special Resolution of the General Assembly.
Audit firm regulations in Article 50 were updated to limit consecutive terms to six years, with a mandatory rotation of the partner in charge every three fiscal years.