Economy

Shareholders in Herfy food chain request suspending board chairman

Follow-ups -eshrag News:

Thu, 2022-03-03 08:55

RIYADH: Saudi-listed food chain Herfy Food Services received a letter from a shareholder with over a five-percent stake requesting to hold a general assembly meeting to vote on sacking the chairman of the board, Moataz Al Azzawi.

The shareholder also requested to vote on removing one of the members of the board, according to a bourse filing on Thursday. 

Shares in Herfy, which is one of the largest food-chain operators in the Kingdom, last closed 2.4 percent lower at SR56.4 ($15).

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