Riyadh – Mubasher: Scientific & Medical Equipment House Company’s shareholders approved several key amendments to the company’s bylaws during the fourth extraordinary general meeting held on 27 July 2026.
The meeting, conducted via modern technology, reached a legal quorum with an attendance rate of 60.30%.
A primary outcome of the assembly was the approval of a new article in the company’s bylaws allowing for the distribution of interim dividends to shareholders.
Additionally, voters approved amendments to Article 4 regarding company objectives and Article 17 concerning company management.
The assembly also elected a new board of directors for the upcoming four-year term, which is scheduled to begin on 31 July 2026 and conclude on 30 July 2030.
The elected board includes eight members, featuring a mix of executive, non-executive, and independent directors.
Furthermore, shareholders granted the new board authorization powers under the Companies Law for a period of one year and approved updated remuneration policies for the board, its committees, and executive management.
