Al Akaria shareholders approve formation of audit committee

Saudi Real Estate Co.'s (Al Akaria) shareholders approved the formation of the audit committee for the new term starting March 17, 2022, until Jan. 30, 2025, along with its functions, regulations, and remunerations, during the ordinary general meeting (OGM) held on March 13.

In a statement to Tadawul, Al Akaria said the audit committee will include Mohammed Al Smari, Mohammed Al Eyaide, Abdulaziz Al Babtain and Faisal Al Khani.

The shareholders also approved the audit committee charter and the additional costs of the external auditor related to the issuance of the financial statements for 2019.