Thimar shareholders to vote on financials for 2019, 2020 on Aug. 16

Thimar Development Holding Co.’s shareholders will vote on financial statements as well as board and auditor’s reports for 2019 and 2020, during the ordinary general meeting (OGM) slated for Aug. 16, according to a bourse statement.

They will also discuss appointing and auditor to review financials for Q1, Q2, Q3 and Q4 2022 and Q1 2023.

During the meeting, shareholders will vote on appointing Waleed Al-Showair as an independent board member as of Feb. 14, 2022, to complete the current board’s session ending May 13, 2023. Al-Showair will replace Ibrahim Al-Shabib.

They will also discuss appointing Al-Showair as a member of the audit committee, starting from May 31, 2022 until the end of the current board session, replacing Abdulaziz Al-Rashidi.

The meeting agenda includes dismissing two non-executive board members, namely Ibrahim Al-Mayouf and Sari Al-Mayouf, upon a request submitted by some major shareholders.