Al Kathiri shareholders refuse to discharge board of liability for 2021, disapprove remuneration

31/05/2022 Argaam

Logo of Al Kathiri Holding Co.

Al Kathiri Holding Co.’s shareholders disapproved discharging board members of liability for 2021, during the ordinary general meeting (OGM) held on May 30, the company said in a bourse filing.  

 

They also refused to ratify the disbursement of SAR 160,000 in board remuneration for the same year.

 

Meanwhile, the shareholders approved financial statements, as well as auditor and board reports for 2021. They also appointed an auditor to review financial statements for Q2, Q3, and 2022, and Q1 2023.

 

Shareholders ratified the mutual contracts and business between Al Kathiri and Alian Industry Co., along with the remaining items on the meeting agenda.

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