Jabal Omar approves board, audit reports for FY 2018

Jabal Omar Real Estate Development Co.’s shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on Thursday, the company said in a bourse statement.

Shareholders have also approved the board report for the same period and discharging board members from liabilities during FY 2018.

Meanwhile, they have approved all other items on the meeting’s agenda including related party transactions and delegating the company’s board to pay dividend for FY 2019 on a semi-annual or a quarterly basis.