Jarir shareholders approve board, audit reports

Jarir Marketing Co.’s shareholders approved on Monday audited financial statements and audit report for the fiscal year ended December 31, 2017, the company said in a bourse statement.

The shareholders also approved quarterly distributed cash dividend during the fiscal year of 2017 at a total of SAR 8.7 per share.

They also approved the board report for the same period and discharged board members from liabilities during 2017, while also approving board remuneration of SAR 2.6 million for 2017.

Shareholders approved related party transactions to take place during the upcoming year.

The ordinary general assembly has also approved all other items on its meeting agenda.