On 6 March 2016 a first attempt was made to hold WOQOD’s
Extraordinary General Assembly meeting. The meeting was adjourned for lack of
quorum and was decided to be held on Wednesday 6 of April 2016 at WOQOD Tower -
On 6 April 2016 at 6.30 pm a second meeting was also
postponed due to the lack of Quorum and was decided to be held at 6.30pm on 25
May at WOQOD Tower Dafnah.
The undiscussed agenda of the Extra – Ordinary meeting
included the following points:
1- Amendment of Article 1/9 of WOQOD’s Articles of
Association related to the abolishment of minimum shares requirement
(previously prescribed at 100 shares for each single shareholder).
2- Amendment of Article 1/26 to raise the minimum number of
the Board meetings to 6 meetings a year.
3- Amendment of Article 3 by adding the following activities
and procedures to the existing practices undertaken by the company in
furtherance of its objects as per the following:
3/6 : to enable utilization of Sidra Brand Name for establishment and operation
of Sidra C- Stores.
3/7: related to the vehicle related services and activities to be exercised by
the service stations.
C) Article 3/8 : allowing
commercial advertisement inside the service station premises.
new Article 26/5 allowing the Board of Directors to pass decisions by
“Circulation “procedure in cases of emergency or necessity.