Munawla shareholders refuse to discharge board of liabilities for 2023

Logo of Munawla Cargo Co.

Munawla Cargo Co.’s shareholders refused to discharge the board of directors from their liabilities for the fiscal year ending on Dec. 31, 2023.

The decision came during the ordinary general meeting (OGM) held on June 27, Munawla said in a statement to Tadawul.

Shareholders also refused to grant the board with OGM powers, in accordance with the executive regulations of the Companies Law.

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However, shareholders authorized the board to distribute interim dividends on a semi-annually or quarterly basis for 2024.