Development Works Food shareholders to vote on amending bylaws

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Riyadh — Mubasher: Development Works Food Company has invited its shareholders to attend the third extraordinary general meeting (EGM).

The meeting is scheduled for 19:00 on 13 October 2026 and will be conducted via modern technology.

The primary agenda involves voting on an amendment to Article 4 of the company’s bylaws, which defines the company’s business objectives.

The proposed expansion includes adding specialized food and beverage activities such as operating mobile food trucks, luxury restaurants, and catering services for aircraft, factories, and schools.

Shareholders will also vote to elect a member to a vacant seat on the board of directors for the current term.

This term commenced on 30 October 2024 and is scheduled to conclude on 29 October 2027.

According to Article 34 of the company’s bylaws, this third meeting will be considered valid regardless of the number of voting shares represented.

Electronic voting for registered shareholders is set to begin at 1:00 on 10 October 2026 and will remain open until the conclusion of the meeting.

Meanwhile, the eligibility for attendance is restricted to shareholders registered at the Depository Center at the end of the trading session preceding the assembly.

Source: Mubasher Source: {{details.article.source}}