Saudi Steel Pipe Co.’s shareholders approved on Sunday audited financial statements and audit report for the fiscal year ended Dec. 31, 2017, the company said in a bourse statement.
Shareholders also approved the board report for the same period and discharged board members from liabilities during FY 2017.
Meanwhile, they approved a board remuneration of SAR 600,000 for the fiscal year 2017 at SAR 200,000 per board member.
They approved related party transactions to take place during the upcoming year.
The extraordinary general assembly has also approved all other items on its meeting agenda.
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