TADCO shareholders refuse to discharge board of liability for 2021

27/06/2022 Argaam
Logo ofTabuk Agricultural Development Co.

Logo of Tabuk Agricultural Development Co.

Tabuk Agricultural Development Co.’s (TADCO) shareholders disapproved discharging board members of liability for 2021, during the ordinary general meeting (OGM) held on June 26, the company said in a bourse filing.

 

They also refused to approve financial statements, as well as auditor and board reports for 2021.

 

In addition, they rejected amending board remuneration policies and the disbursement of board remuneration for the same year.

 

Meanwhile, the shareholders appointed an auditor to review financial statements for Q2, Q3, and 2022, and Q1 2023.

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