Al Jouf Cement shareholders approve 2021 board, auditor reports

Al Jouf Cement Co.’s shareholders approved the board and auditor reports, as well as financial statements for 2021, during the ordinary general assembly meeting (OGM) held on June 21.

They approved the appointment of Baker Tilly as an auditor based on the recommendation of the audit committee to examine, review and audit the financial statements for Q2, Q3, Q4 and 2022, as well as Q1 2023.

Shareholders gave the nod to discharge board members from liability for 2021.

They voted on granting the board of directors the powers of the general meeting - as per the Companies Law - for one year from the general meeting date or until the end of the current board term, whichever comes first.