GACO shareholders approve annual reports for FY17

11/06/2018 Argaam

Al Gassim Investment Holding Co.’s (GACO) 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.

 

They also approved an external auditor to audit the company’s financials from Q1 2018 until Q1 2019.

 

Meanwhile, they postponed voting on amending terms of references for the board chairman, managing director and the board secretary due to lack of quorum required for this item.

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