Al-Akaria shareholders to vote on board, audit reports on June 22

Saudi Real Estate Co.’s (Al-Akaria) shareholders are set to vote on audited financial statements and audit report for the fiscal year 2019 during the general assembly meeting that will be held on June 22, 2020, the company said in a bourse statement.

Shareholders will also vote on the board report for the same period as well as discharging board members from liabilities during FY 2019.

In addition, they will vote on other items on the meeting’s agenda including appointing external auditor to audit the company’s financial statements for Q2, Q3, and Q4 2020, as well as FY2020 and Q1 2021.

Meanwhile, they will vote on board remuneration of SAR 1.85 million for FY2019, amending bylaws and approving board members’ engagement in competitive activities.