Al-Baha shareholders approve 2020 board, audit reports

Al-Baha Investment and Development Co.’s shareholders approved the financial statements, and board and audit reports for 2020, during the ordinary general meeting (OGM) held on June 30.

The company said in a bourse filing that shareholders approved appointing Crowe Global / AlAzem, AlSudairy, AlShaikh & Partners CPA as an external auditor to review financials for Q2, Q3, and 2021, and Q1 2022, and discharged board members from liability for 2020.

Additionally, they delegated authorization powers, as stipulated in the Companies Law, to the company's board of directors, for a period of one year starting from the OGM date or until the end of the delegated board of directors’ session, whichever is earlier.