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A number of Ajwa for Food Industries Co. shareholders submitted on Sunday a request to The General Authority for Investment and Free Zones (GAFI) seeking its approval to hold an urgent ordinary general meeting under GAFI’s supervision to elect a new board.
Haitham Yahya, a shareholder of Ajwa, stated that he met yesterday with Sherif Eid of the legal affairs department at the Ministry of Investment who confirmed that the board has already been ousted and any subsequent decision by it will be invalid.
