Arabian Aramco Totals' shareholders appoint KPMG as auditor

Shareholders of Arabian Aramco Total Services Co., in a meeting held today, June 30, approved the appointment of KPMG as an auditor and set his fees, according to a bourse filing.

KPMG will audit the company’s accounts for FY 2022 and quarterly financial statements, it added.

Shareholders also approved the board and auditor's reports, and financial statements for 2021. They also appointed Sultan Gassan Tabbara as audit committee chairman.

They also gave a nod to the continuation of all works and contracts (Sukuk) valued at SAR 1.88 billion, in which board members have an indirect interest by virtue of them being representatives/employees of Saudi Aramco Total Refining & Petrochemical Co. (SATORP).