Doha – Mubasher: Medicare Group’s shareholders agreed during the company’s extraordinary general meeting (EGM), held on Tuesday, on amending some articles in the article of association (AoA).
Shareholders approved to amend the first paragraph of article no. (7) of the AoA, raising the maximum ownership for the shareholder whether an individual or corporation from 10% to 25% of company’s total shares.
The EGM also changed article no. (27) of the AoA concerning the number of board members, increasing the number of members from seven to nine members elected by a general meeting through secret balloting, according to a bourse filing released Wednesday.
