Al Seer Marine Supplies & Equipment Company - PrJSC Article of Association | premargin
Al Seer Marine Supplies & Equipment Company - PrJSC Article of Association
·ADX·General Disclosure | Article of Association·March 17, 2026·View on exchange
AI Summary
The General Assembly approved the amended and restated Articles of Association on March 2, 2026, to ensure compliance with Ministerial Decision No. 137/2024.
The company's share capital is fixed at AED 1,000,000,000, divided into 1,000,000,000 fully paid cash shares with a nominal value of AED 1 per share.
The Board of Directors is composed of five members elected for a three-year term, with requirements for at least one independent member and one seat for women.
The official term of the company is established as 99 calendar years, beginning from its date of entry into the Commercial Register.