Shaker shareholders approve board, audit reports for 2020

25/05/2021 Argaam

Al Hassan Ghazi Ibrahim Shaker Co.’s shareholders approved the board and auditor reports, as well as financial statements for 2020, during an extraordinary general meeting (EGM), held on May 24, 2021, according to a bourse filing.

 

Shareholders also approved payment of SAR 1.654 million in board remuneration, and discharged board members from liability for 2020, in addition to appointing PwC as an external auditor to review financials for Q2, Q3, and 2021, and Q1 2022.

 

Additionally, shareholders appointed Azzam Saud Almudaiheem as a non-executive board member, and Musaed Abdullah Al Qasim as an independent board member, effective as of Oct. 1, 2020.

 

Further, they ratified amending Articles of Association on management as well as authorities of chairman, vice chairman and board secretary.

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