SIDC shareholders approve board report, financials for 2021

Saudi Industrial Development Co.’s (SIDC) shareholders approved the board and auditor’s reports as well as financial statements for 2021, during the ordinary general meeting (OGM) held on June 16, according to a bourse filing.  

Shareholders discharged board members from liability for 2021. They also approved the business contracts to be concluded with other companies.  

They also delegated the OGM powers to the board of directors for one year, starting from shareholders’ approval date or until the end of the board term, whichever is earlier.