SVCP shareholders approve board, audit reports

06/05/2018 Argaam

Saudi Vitrified Clay Pipes Co.’s (SVCP) shareholders approved on Thursday audited financial statements and audit report for the fiscal year ended December 31, 2017, the company said in a bourse statement.

 

Shareholders also approved the board report for the same period and discharged board members from liabilities during FY 2017.

 

They approved a board remuneration of SAR 1.4 million for the fiscal year 2017 at SAR 200,000 per board member.

 

Meanwhile, they approved all other items on the agenda including distributed cash dividend for FY 2017, appointing an external auditor and related party transactions.

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