Tasnee shareholders elect new board, form audit committee

Logo of National Industrialization Co. (Tasnee)

National Industrialization Co.’s (Tasnee) shareholders approved financial statements, as well as audit and board reports for 2021, during the ordinary general meeting (OGM) held on April 20, according to a bourse filing.

Shareholders also approved discharging board members from liability for 2021 and appointing an auditor to review financial statements for Q2, Q3, and 2022, and Q1 2023.

Additionally, shareholders ratified the appointment of Mutlaq Al Morished as a board member, starting Sept. 28, 2022, for the current three-year term ending July 5, 2022.

They endorsed updating the nomination and remunerations committee charter.

They elected a new board of directors for the upcoming term starting July 6, 2022, which comprises Mubarak Abdullah Al-Khafrah, Talal Ibrahim Al-Maiman and others.

They also approved the formation of an audit committee for the upcoming term starting July 6, 2022, which comprises Sami Alshenaiber, Bader Ali Saleh Al Dakhil and others.

Shareholders approved disbursing SAR 350,000 as remuneration for each board member for 2021.

Additionally, they approved business contracts concluded with other companies.