Farm Superstores shareholders approve updated rules for board committees

Saudi Marketing Co.’s (Farm Superstores) general assembly approved on Monday updated rules for the audit committee and nominations and remunerations committee, the company said in a bourse statement.

The assembly also approved amended policies and standards for the board of directors, and the updated remuneration policy for board members and executives.

During the meeting, shareholders appointed Mohammed Al Faraj Al-Subaie as member of the audit committee, effective immediately until the end of the current board term on March 20, 2020.