Shams shareholders approve formation of audit committee

Tourism Enterprise Co.’s (Shams) shareholders approved the formation of audit committee, its tasks, and supervisory and advising responsibilities, during the ordinary general assembly meeting (OGM) held on Aug. 1, according to a bourse filing.

Shareholders also approved the compensation for the audit committee members for the new term ending on May 27, 2024. 

Elected members are Rasheed Sulaiman Al-Rasheed, Saad Saud Altayar, and Feras Gassab Alherbi.

Meanwhile, shareholders also approved the remuneration policy for board members, its committees, and members of the executive management.