Saudi Fisheries Co.’s (Alasmak) shareholders will vote on the board and auditor’s reports as well as financial statements for 2020, during the extraordinary general meeting (EGM), slated for May 30, 2021, the company said in a bourse filing.
Shareholders will discuss payment of SAR 950,000 in board bonuses for 2020, discharging board members from liability for 2020, and appointing an external auditor to review financials for Q2, Q3, Q4 2021 and Q1 2022.
They will also vote on amending Articles of Association as regards company incorporation, company’s purposes, ownerships, company’s headquarters, company’s term, share capital, subscription of shares, share trading, share sale and mortgage, capital increase, termination of board membership, board vacancies, competencies, and remuneration, powers of the chairman, vice-chairman, managing director and secretary, board meetings, and others.
Shareholders will also discuss amending remuneration and nomination committee regulations, audit committee bylaws, as well as remuneration policy for the board and the committees.
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