Al Kathiri shareholders elect new board for 3-year term

Al Kathiri Holding Co.’s shareholders approved during the extraordinary general meeting (EGM), held on March 11, 2020, electing a new board of directors for the upcoming 3-year term, starting from March 13, 2020 until March 12, 2023, the company said in a bourse statement.
 

Moreover, the meeting approved forming an Audit Committee for the next term, as per the Audit Committee bylaws, the statement also said.
 

Shareholders also approved the board's report, auditor's report as well as financial statements for FY ending Dec. 31, 2019. They also appointed new external auditors for FY2020 and Q1 2021, in addition to discharging board members from liability for FY ending Dec. 31, 2019.
 

Moreover, shareholders endorsed board's bonuses at SAR 230,000 for the same FY.