Alqanoni

Companies Law

Art. 84
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Shareholder general assembly meetings shall be chaired by the chairman of the board of directors, the vice-chairman in case of the chairman’s absence, or any member designated by the board of directors in the absence of both the chairman and vice-chairman. If none of the above is possible, the shareholders shall vote to designate a board member or any other person to chair the general assembly meeting. 2. A shareholder shall have the right to attend general assembly meetings even if the company’s articles of association stipulate otherwise. A shareholder may delegate a person other than a board member to attend such meetings on his behalf. 3. Means of technology may be used to hold general assembly meetings and enable shareholders to engage in deliberations and vote on decisions.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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