solutions shareholders approve amending bylaws

Arabian Internet and Telecommunication Co.’s (solutions) shareholders approved amending the company’s bylaws during the extraordinary general assembly meeting (EGM), held on March 2, the company said in a bourse statement.

The shareholders gave their approval for amending bylaws’ articles related to the company’s name, objectives, participation and ownership in companies as well as the powers of the board of directors.

They also selected Ernst & Young (EY) as an external auditor from the candidates based on the audit committee's recommendation and determine its remuneration. EY will examine, review and audit the financial statements of Q1, Q2 and Q3 2022 in addition to 2022, and Q1 2023.