SIDC shareholders approve board, audit reports for 2020

01/07/2021 Argaam

Saudi Industrial Development Co.’s (SIDC) shareholders approved financial statements, as well as board and audit reports for 2020, during the ordinary general meeting (OGM) held on June 30, the company said in a bourse filing.

 

Shareholders also discharged board members from liability for 2020 and approved the appointment of an external auditor to review financial results for Q2, Q3, 2021 and Q1 2022.

 

They also ratified the license mentioned in Paragraph (1) of Article 71 of the Companies Bylaw, for a period of one year from the date of OGM approval or until the end of term, whichever is earlier, in accordance with the related regulations.

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