Al-Omran’s EGM approves FY16 financials, elects audit committee

Nomu-listed Al-Omran Industries & Trading Co.’s general assembly approved on Tuesday financial statements and the board of directors’ annual report for fiscal year 2016.

The assembly also discharged board members from liabilities for activities in FY16, the company said in a statement to Tadawul.

Shareholders elected Abdullah Al Ghadeer, Omran Al Omran, and Yousef Al Omran as members of the audit committee for the current three-year term ending Aug. 22, 2020.

During the meeting, shareholders also approved amending the company’s bylaws and related party transactions, and appointed Homod Bin Ali Al Robian CPAs as external auditor for the fiscal year of 2017.