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English news

21-Aug-2017

Alujain’s shareholders proposes the removal of three board members

A consortium of Alujain shareholders, owning more than 5% of the company, has proposed removing three board members. The three members include: i) Khaled Zainal; ii) Khaled Zagzoog; and iii) Adnan Salah. The company will later release the voting details on the subject action, while also disclosing that there are currently three openings in its board. Alujain added in another release that it was not able to announce its 2Q17 financial results as the company’ BoD did not approve the external auditor that was selected for 2017. Based on the release, Alujain’s 2Q17 results were good and the company is still maintaining healthy operations. 

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