Raydan shareholders approve 2020 board, audit reports

Raydan Food Co.’s shareholders approved the board and audit reports, as well as audited financial statements for 2020, during the ordinary general assembly meeting (OGM) held on June 29, according to a bourse filing.

Shareholders also discharged board members from liabilities for 2020, in addition to appointing an auditor to review Q2, Q3, Q4 and 2021, and Q1 2022 financials.

They also endorsed the decision to appoint Yasser Hussein Omar Balkhi (independent) as a member of the audit committee, effective June 6, in place of Zaher Fadl Al-Sayed Al-Dabi (independent).

Shareholders also approved other items on the agenda, including business and contracts concluded with several companies.