Ash-Sharqiyah shareholders elect board members for the upcoming term

Ash-Sharqiyah Development Co.’s shareholders elected members of the board of directors for the upcoming three-year term starting on July 20, 2020, during the ordinary general assembly meeting held on June 8, 2020.

The names include Mansour Abdul Khaleq Al-Ghamdi, Muhammad Abdullah Al-Hujaylan, Ali Yahya Al-Jaafari, Bandar Muhammad Al-Mahmoud and Fares Hamad Al-Faris.

Shareholders appointed AlAzem, AlSudairy, AlShaikh & Partners CPA, as external auditor, to review and audit the financial statements for the second, third and third quarter of the fiscal year 2020, and Q1 2021, and determine its fees.

However, shareholders rejected the formation of a new audit committee, its tasks and regulations, as well as members’ remuneration. The nominated members of the committee include Ali Al Jaafari, Abdullah Al Shahaqi, and Mohammad Al Owaid.