Wafrah says shareholders owning 7.14% of capital request audit committee dismissal

Wafrah for Industry & Development Co. (Wafrah) announced that it has received a letter from some shareholders, owning around 7.14% of the company’s capital, requesting dismissal of the current audit committee and its restructuring.  

The board will take the required relevant measures per the applicable regulations, the company said in a bourse statement on Sunday.

Any updates will be revealed in due course, the statement noted.