KEC shareholders approve contracts

08/05/2017 Argaam

Knowledge Economic City’s (KEC) extraordinary general assembly on May 7 has approved next year’s deals with Midrar Development Management Co. Ltd worth around SAR 7.9 million. Last year’s deals amounted to SAR 2.1 million, the company said in a statement to Tadawul on Monday.

 

Shareholders approved appointing Rayan bin Mohammed Fayez as a non-executive board member, effective Oct. 18, 2016.

 

They also approved remuneration worth SAR 2.2 million to the board of directors for fiscal year 2016.

 

The company approved appointing Price Waterhouse and Coopers as external auditors for the quarterly financial statements from Q2 2017 to Q1 2018.

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