Saudi Kayan shareholders approve financial statements, board report for FY19

19/04/2020 Argaam

Saudi Kayan Petrochemical Co.'s (Saudi Kayan) shareholders approved financial statements, board's report, and the auditor's report for fiscal year ending Dec. 31, 2019, the company said in a bourse statement.

 

Shareholders also discharged board members from liability for FY2019, and appointed a new auditor for FY2020 and Q1 2021.

 

During the meeting, a new board member was appointed and the remuneration as well as nomination committee policies were amended.

 

Board bonuses at SAR 1.4 million for FY2019 were also endorsed during the meeting.

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