Nayifat Finance Co.’s shareholders approved authorizing the board of directors to pay interim dividend on a semi-annual or quarterly basis for Q4 2021 and 2022, during the extraordinary general meeting (EGM), held on April 13, according to a bourse filing.
Shareholders also approved board as well as auditor’s reports and financial statements for 2021.
They further discharged board members from liability for the same year and appointed an external auditor to review Q1, Q2, Q3 and 2022, and Q1 2023 financials.
In addition, shareholders approved the appointment of Khaled Al Bassam and Abdullah Al Harbi as audit committee members for the current term ending on Sept. 29, 2022.
Additionally, they ratified the payment of SAR 2.7 million in board remuneration for 2021, and endorsed amendments to the articles of association, and business contracts for 2022.
Comments
{{DisplayName}}
{{ElapsedTime}}