Thimar shareholders approve financials for 2019, 2020

A Thimar store

Thimar Development Holding Co.’s shareholders approved financial statements as well as board and auditor’s reports for 2019 and 2020, during the ordinary general meeting (OGM) held on Aug. 16, according to a bourse statement.

Shareholders also appointed Osama A. Elkhereiji & Partner Co. as an auditor to review financials for Q1, Q2, Q3 and Q4 2022 and Q1 2023.

During the meeting, shareholders appointed Waleed Al-Showair as an independent board member as of Feb. 14, 2022, to complete the current board’s session ending May 13, 2023. Al-Showair will replace Ibrahim Al-Shabib.

They also appointed Al-Showair as a member of the audit committee, starting from May 31, 2022 until the end of the current board session, replacing Abdulaziz Al-Rashidi.

Two non-executive board members, namely Ibrahim Al-Mayouf and Sari Al-Mayouf, were dismissed, upon a request submitted by some major shareholders.