Shams shareholders approve FY19 financials, board report

Tourism Enterprise Co.'s (Shams) shareholders approved financial statements, as well as board and auditor reports for fiscal year ending Dec. 31, 2019 during the ordinary general meeting (OGM) held on June 25, the company said in a bourse statement.

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

During the meeting, shareholders approved a board remuneration of SAR 500,000 for FY2019 as well as amending board policies.