Zain KSA shareholders approve board, audit reports for 2020

Shareholders of Mobile Telecommunication Company Saudi Arabia (Zain KSA) approved the board and auditor reports, along with financial statements for 2020, during an ordinary general meeting (OGM) held on June 2, 2021, according to a bourse filing.

Shareholders approved the payment of SAR 3.67 million as remuneration for board members and discharged the board members from liability for 2020.

During the meeting, shareholders also approved the appointment of Kamil Hilali as a non-executive board member, to complete the current board term ending on April 25, 2022.

They also approved the transactions and contracts concluded between Zain KSA and Yamama Cement Co., Almarai, Archiving and Warehousing Storage Solutions Co, and Arabian Shield Cooperative Insurance Co.