Fawaz Alhokair shareholders to vote on appointing external auditor on June 15

Fawaz Abdulaziz Alhokair Co.’s shareholders will vote on appointing an audit firm and setting its fees, during an ordinary general assembly meeting, scheduled for June 15, the company announced in a bourse filing.

The auditor will review financial statements for Q1, Q2, Q3 as well as annual financial statements for the fiscal year 2022/2023, the company added.

Shareholders will also vote on the board of directors’ decision to appoint Mohamad Rafic Mourad as a member of the board starting from the date of his appointment on May 1, until the end of the current board’s term on Aug. 11, 2023. Mourad is set to replace the resigned member, Mansour Abdulwahhab Qadi.