Tihama shareholders approve electing new board, refuse to discharge board members from FY 2020/21 liability

Logo of Tihama Advertising and Public Relations Co.

Tihama Advertising and Public Relations Co.’s shareholders approved electing a new board of directors from among the candidates for the three-year term, starting from Oct. 14, during the ordinary general meeting (OGM) held on Oct. 3.

The candidates are Abdulaziz bin Njib bin Abdulaziz Alsuwalim, Al-Mu'tasim Billah Allam, Asma Ahmad Mohammed Zayn Fattani, Ibrahim Mohammed Ibrahim Al-Shabib, Salman bin Mohammed bin Nasser Al-Asmari, Sari Ibrahim Abdulkarim AlMaayouf and Sultan Salah Al-Din bin Qasem AlAbdulatheem.

Shareholders also approved the formation of the audit committee and defining its duties, operating controls, and remuneration for its members for the new three-year session, starting from Oct. 14.

In addition, they approved the board of directors’ report for FY2020/21 and the appointment of Al Kharashi & Co - Mazars as auditors to examine, review and audit the financial statements for Q2, Q3 and FY2022, as well as Q1 2023.

Shareholders disapproved the external auditor report for the fiscal year ending on March 31, 2021, and the release of board members from liabilities for their performance during the fiscal year.