Jabal Omar shareholders approve board, auditor reports for 2020

Jabal Omar Development Co.'s shareholders approved the board and auditor reports, as well as financial statements for 2020, during the ordinary general meeting (OGM) held on May 27, 2021.

Shareholders also approved appointing an external auditor to review financial statements for Q3 2021, and Q1 and Q2 2022.

They also ratified the formation of the audit committee and set its tasks and remuneration for the new three-year term ending on June 29, 2024.

Meanwhile, they approved all other items in the meeting’s agenda, including the payment of additional fees to the current external auditor PwC, of SAR 1.36 million for the additional work that falls outside the previously agreed scope of work to review and audit the annual and reviewed financial statements for 2020.