Ash-Sharqiyah shareholders to vote on board, audit reports on June 8

Ash-Sharqiyah Development Co.’s shareholders will vote on audited financial statements, as well as audit and board reports for the fiscal year 2019, during the ordinary general meeting that will be held on June 8, according to a bourse filing on Wednesday.

Moreover, shareholders will vote on appointing an external auditor, discharging board members from liabilities for FY2019, in addition to electing the board members for the coming session that will extend for 3 years as of July 20, 2020.

They will also vote on the formation of a new audit committee for three years as of July 20, 2020, from among nominees: Ali Al Jaafari, Abdullah Al Shahaqi, and Mohammad Al Owaid

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of June 4, 2020, in line with the government’s efforts to prevent the spread of coronavirus.