Al Hokair Group approves board's report, financials for 2019

02/06/2020 Argaam

 

Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) shareholders approved financial statements, board's report, and auditor's report for fiscal year ending Dec. 31, 2019 in the ordinary general meeting (OGM) held on June 1, the company said in a bourse statement.

 

Shareholders also discharged board members from liability for FY2019, and appointed a new auditor for FY2020 and Q1 2021.

 

During the meeting, shareholders endorsed remuneration of SAR 2.25 million and SAR 150,000 for board as well as audit committee members respectively for FY2019.

 

Shareholders approved business contracts signed with other entities in 2019.

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