SRMG shareholders approve amending bylaws

Saudi Research and Marketing Group’s (SRMG) shareholders approved amending bylaws during the extraordinary general assembly meeting held on May 7, 2020, the company said in a bourse statement.

Shareholders approved amending bylaws related to the company’s objectives, capital, shares subscriptions, selling unpaid shares, the powers of chairman, deputy chairman, managing director and board secretary.

SRMG shareholders also approved audited financial statements and audit report for the fiscal year 2019, board report for the same period, as well as discharging members of the board of directors from liabilities during FY 2019.

In addition, they approved appointing an external auditor to audit the company’s financial statements for Q2, Q3 and Q4 2020 as well as Q1 2021 and FY 2020.

Meanwhile, other items on the meeting’s agenda including related party transactions were also approved.