Theeb Rent a Car shareholders approve board, audit reports for 2020

Theeb Rent a Car Co.’s shareholders approved financial statements, and board and audit reports for 2020, during the ordinary general meeting (OGM) held on June 27, according to a bourse filing.

Shareholders also appointed an external auditor to review financials for Q2, Q3, 2021 and Q1 2022, and discharged board members from liability for 2020.

They approved the payment of SAR 287,500 and SAR 32,500 in remuneration to the board of directors and the nomination and remuneration committee members, respectively, for 2020.

During the meeting, shareholders also approved the business contracts signed with other institutions, the statement added.