Takween shareholders approve financial statements; board, audit reports

Takween Advanced Industries Co.’s shareholders approved financial statements, as well as audit and board reports for 2020, during the ordinary general meeting (OGM), held on April 29, 2021, the company said in a bourse statement.

They also approved appointing an external auditor to review financial statement for Q2, Q3, Q4 and 2021, in addition to Q1 2022, as well as discharging board members from liability for 2020.

Furthermore, shareholders endorsed increasing the members of the audit committee from three to four, as well as the committee’s amendment regulations.

During the meeting, shareholders named one board director and two audit committee members for the current three-year term ending Jan. 20, 2023.

Additionally, they will also approved various business contracts concluded between Takween and other companies.