Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Transport and Investment Company (Mubarrad) approved on Monday changing the name of the firm.
The EGM agreed on choosing a new commercial identity and changing the company's name to Batek Investment and Logistics, according to a bourse filing on Tuesday.
The meeting also confirmed amending Article 43 of the firm's bylaws, concerning the dividends distribution.
Moreover, the board and auditor's reports for 2016 were also approved.
Mubarrad announced appointing Abdul Aziz Ibrahim Alissa as the chairman and Ahmed Mohammad Alsanie as the deputy chairman, while Omar Abdulaziz Almohammady continues as the CEO, according to a separate filing.
