Petro Rabigh shareholders approve board, audit reports for FY 2019

16/04/2020 Argaam

Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) shareholders approved audited financial statements and audit report for the fiscal year 2019 during the ordinary general meeting (OGM) held on April 15.

 

The company said in a bourse statement on Thursday that shareholders approved the board report for the same period and discharged board members from liabilities during FY 2019.

 

They also approved the businesses and contracts concluded with Saudi Aramco and Sumitomo Chemical Company.

 

In addition, shareholders approved a remuneration worth SAR 1.05 million to board members for the year ended Dec.31, 2019 and appointing Ibrahim bin Qassim Al Buainain as a non-executive board member from Feb. 1, 2020.

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