On Monday, Herfy announced that it had arranged a general assembly for Nov. 4 RIYADH: Herfy’s biggest shareholder has requested a meeting of stock owners to vote on the dismissal of a board member, the Saudi food services firm announced on Tuesday. Savola Group requested the meeting so shareholders can vote on removing Mohammed Abdulaziz Alshetwey from his board seat. Savola owns a 49 percent stake in the Saudi food services company, according to a company profile on the Saudi stock exchange. Herfy, founded in 1982, owns an extensive set of restaurants and is one of the Kingdom’s first fully integrated food services company with its own bakery factory. On Monday, Herfy announced that it had arranged a general assembly for Nov. 4 and invited shareholders to participate to decide whether to dismiss Chairman Mutaz Qusai Alazzawi. The company said Ahmad Hamad Alsaid, a shareholder and a former chairman of Herfy, requested the meeting to vote on the chairman’s removal. Herfy issued a statement addressing what it called “rumors” against the company, including accusations by Alsaid of “misrepresentation in the financial statements” of the Saudi firm. The letter to shareholders, outlined a list of 11 statements regarding the conduct of Alsaid, including hiring relatives and supplying products to firms “not affiliated with Herfy outside of Riyadh”. “The company’s management affirms that it did not intend to engage in these disputes, but in light of what is being circulated on social media regarding the company, it was the company’s duty to clarify the facts and take the necessary measures to move the company forward and strive to achieve everything that is in its best interest and the interest of its shareholders,” the statement said.