Fawaz Alhokair to vote on board, audit reports for FY2020/2021 on Sept. 28

Fawaz Abdulaziz Alhokair Co.’s shareholders will vote on board and auditor reports as well as financial statements for the fiscal year ended March 31, 2020, during the ordinary general meeting (OGM), slated for Sept. 28, the company said in a bourse filing.

Shareholders will also vote on appointing an external auditor to review financials of Q1, Q2, Q3, Q4 2021, and annual financials and discharging board members from liability for last year, the statement added.

During the meeting, shareholders will also discuss paying SAR 1.8 million in board remuneration for the same period in addition to amending policies for board remuneration and membership.

Meanwhile, they will vote on related-party contracts concluded during last year and delegating the authority of the ordinary general assembly to the company’s board for a period of one year from the date of approval or until the end of the delegated board session, whichever is earlier.

Electronic voting on the OGM agenda will begin on Sept. 25 until the end of the meeting.