Mubasher: The extraordinary general meeting of Al Meera Consumer Goods Company was held on Wednesday 5 October, the company said in a press release.
The EGM approved amending articles of association of the company as per the regulatory requirements so as to conform to the rules of the Commercial Companies Act.
The shares of the government of the state of Qatar amounting to 26% in Al Meera Company has been transferred to Qatar Holding Company.
One of the amended articles allows the general assembly to dismiss the chairman or any of the board members according to the suggestion issued by the majority of the BOD, or according to a request signed by a not less than quarter of the company’s shareholders.
However, it also requires the approval of the Minister of Economy and Commerce’s approval in the event that the dismissal is related to the Chairman of the Board or any of the members representing the government of the state of Qatar”.
