SAIB shareholders approve board, audit reports for FY 2019

22/04/2020 Argaam

Saudi Investment Bank’s (SAIB) shareholders approved audited financial statements as well as board and audit reports for the fiscal year 2019 during the ordinary general meeting (OGM) held on April 21, 2020.

 

The company said, in a bourse filing on Wednesday, that shareholders approved discharging board members from liabilities during FY 2019.

 

In addition, they approved board remuneration of SAR 5.17 million for FY 2019 and updating the audit committee charter.

 

In a separate statement, the bank said it appointed KPMG Al Fozan & Partners, and Ernst & Young as external auditors for FY 2020.

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