Arabian Aramco shareholders approve FY2019 board, audit reports

Arabian Aramco Total Services Company’s shareholders approved the financial statements and auditor report for the fiscal year 2019, during the ordinary general meeting held June 17.

They also approved the board report for the same period and discharged board members from liabilities during FY2019.

Shareholders further approved KPMG as a new auditor to audit the company’s quarterly and FY 2020 financial statements.

In addition, the general assembly approved the continuation of all works and contracts (sukuk), valued at SAR 2.52 billion, in which board members have an indirect interest as representatives or employees of Saudi Aramco Total Refining & Petrochemical Company (SATORP), the parent company of Arabian Aramco.