Saudi Fisheries shareholders approve audit committee formation

Saudi Fisheries Co.’s (Alasmak) shareholders approved the formation of the audit committee, specifying its tasks, work controls, and remuneration of its members for the new session, the company said in a bourse statement.

The decision is effective from the ordinary general assembly meeting (OGM) date, Jan. 26, 2021, and will be valid until the end of the current term on Oct. 24, 2023.

The new audit committee includes Mansour bin Abdulaziz Al-Saghayer (chairman), Haytham bin Mohammed Al-Gosaibi (member) and Turki bin Abdul-Mohsen Al-Luhaid, (member from outside the board).