Al-Akaria approves board report, financials for FY2019

Saudi Real Estate Co.'s (Al-Akaria) shareholders approved financial statements, as well as board and auditor reports for fiscal year ending Dec. 31, 2019, during the ordinary general meeting (OGM) held on June 22, the company said in a bourse statement.

Shareholders also discharged board members from liability for FY2019, appointed a new auditor for FY2020 and Q1 2021 and approved a board remuneration of SAR 1.85 million for FY2019.

Additionally, shareholders endorsed amending board remuneration policies as well as the regulations of the nomination and remuneration committee.

Shareholders approved authorizing 2 board members to be engaged in competitive business activities.