GACO to form new audit committee on July 23

Al Gassim Investment Holding Co.'s (GACO) shareholders will form a new audit committee for the three-year term ending Feb. 21, 2023, during the ordinary general meeting (OGM) slated for July 23, the company said in a bourse statement.

Shareholders will also determine its members' capacities as well as remuneration.

Shareholders will participate in the meeting through electronic voting, 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.