Zamil shareholders approve annual reports for FY17

Zamil Industrial Investment Co.’s shareholders on Wednesday approved audited financial statements and audit report for the fiscal year ended Dec. 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 also approved cash dividend distributed for H1 & H2 2017 at a total of SAR 2 per share and delegated the company’s board to distribute quarterly or semiannual dividend for FY 2018.

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