Al Hammadi shareholders approve annual reports for FY17

Al Hammadi Company for Development & Investment’s general assembly approved audited financial statements and audit report for the fiscal year that ended Dec. 31, 2017.

Shareholders also approved the board report for the same period and discharged board members from liabilities during FY 2017, the company said in a bourse statement.

The general assembly has named Aziz Al Qahtani as board member and member of the audit committee effective from February 1, 2018 until the end of the current term on June 21, 2019.

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