Raydan Food shareholders approve 2021 financials, board report

27/06/2022 Argaam

Raydan Food Co.’s shareholders approved the board and auditor’s reports as well as financial statements for 2021, during the ordinary general meeting (OGM) held on June 26, according to a bourse filing.

 

Shareholders also discharged board members from liability for 2021 and appointed an auditor to review financial statements for Q2, Q3, Q4 2022, and Q1 2023.  

 

They also approved granting the board the powers of the general assembly as stipulated in the Companies Law, for a period of one year starting from the OGM approval date or until the end of the delegated board’s term, whichever is earlier.  

 

Shareholders further ratified the business contracts concluded between the company and other entities. 

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