Aseer shareholders approve 2020 board, audit reports

Aseer Trading, Tourism and Manufacturing Co.’s shareholders approved audited financial statements and audit report for 2020 during the general assembly meeting held on May 30, 2021, the company said in a bourse statement.

Shareholders also approved the board report for the same period and discharged board members from liabilities during 2020.

During the meeting, they also ratified amending remuneration policy for board members, sub-committees and executive management.

Meanwhile, they approved all other items on the meeting’s agenda including the business and contracts concluded or that will be concluded between the company and Hussein Ali Shobokshi Office of Management Consulting, in which the board member Hussein Ali Shobokshi has a direct interest, in addition to appointing an external auditor to audit the company’s financials for Q2, Q3, Q4 2021 and Q1 2022.