Al Hokair Group shareholders to vote on board, audit reports on June 1

Abdulmohsen Alhokair group for Tourism and Development Co.’s (Al Hokair Group) shareholders will vote on financial statements, as well as board and auditor reports for fiscal year ending Dec. 31, 2019, during the ordinary general meeting (OGM) slated for June 1, the company said in a bourse statement on Thursday.

They will also appoint a new auditor for Q2, Q3, Q4, FY2020 and Q1 2021.

In addition, they will approve board remuneration of SAR 2.25 million for FY2019.

Al Hokair’s shareholders will further vote on business contracts signed with other entities in 2019, including Abdulmohsen Alhokair Holding Group and Tabuk Center for Trade and Entertainment.

Shareholders will participate in the meeting through electronic voting as of May 26, in line with the Capital Market Authority's (CMA) circular issued, on March 16, enabling shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.