SPIMACO’s shareholders approve board rules, policies

Saudi Pharmaceutical Industries and Medical Appliances Corp.’s (SPIMACO) ordinary general assembly on Sunday approved updated rules for the board’s nominations and remunerations committee and board membership policies.

Shareholders also approved amended remuneration policies for the board and senior management, the company said in a bourse statement.

Additionally, Waleed Al Shaqha was named as a member of the board, effective Nov. 9, 2017, until the end of the current term on April 2, 2019.