Shareholders of Jazan Energy and Development Co. (JAZADCO) have elected a new board of directors for the three-year term starting from April 13, 2019, the company said in a statement on Tadawul.
Ahmed Al Sanea was reappointed as the board chairman.
JAZADCO also elected the members of the audit committee and approved the committee’s terms of reference and members’ remuneration.
Meanwhile, shareholders approved selling the company’s commercial building in Al Maazer, Riyadh to BATIC Investment Logistics Co. for a total of SAR 33.5 million.
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