TADCO elects board members for the upcoming term

07/05/2018 Argaam

Tabuk Agricultural Development Co.’s (TADCO) shareholders on Sunday elected board members for the upcoming three-year term starting July 1, 2018, the company said in a bourse statement.

 

The new board will include Al Waleed Al Shathri, Suleiman Al Saraf, Mohammed Al Rajhi, Yousef Al Rajhi, Ghassan Aqeel, Abdulaziz bin Dayel and Ahmed Al Samari.

 

During the general assembly meeting on Sunday, shareholders also approved audited financial statements and audit report for the fiscal year ended Dec. 31, 2017.

 

In addition, they approved the board report for the same period and discharged board members from liabilities during FY 2017.

 

Meanwhile, the assembly agreed to scrap the olives complex project that was among projects to be financed by a capital hike in 2015.

 

The board was delegated to allocate the funds for the project to other ventures under TADCO’s 2017-2021 plan.

 

All other items on the agenda were also approved, TADCO said.

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