Saudi Industrial Export Co.’s (SIECO) shareholders rejected discharging board members from liability for FY2019 during the ordinary general assembly meeting (OGM) held on June 8, 2020.
Shareholders also disapproved the board and auditor reports for FY2019, as well as financial statements for 2019, the company said in a bourse filing.
Meanwhile, they approved appointing Baker Tilly as new auditor to audit the company’s financials for Q2, Q3 and Q4 2020, in addition to Q1 2021.
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