Fawaz Alhokair shareholders approve FY 21/22 auditor, board reports

Fawaz Abdulaziz Alhokair Co.’s shareholders approved the board and auditor reports, as well as financial statements for the fiscal year ended on March 31, 2022, during the ordinary general meeting (OGM), held on Sept. 28, according to a bourse filing.

Shareholders also approved paying SAR 1.8 million in remuneration for board members for the same fiscal year.

They further discharged board members from liability for the same FY.

Other agenda items included approving several business contracts concluded by the company.