GASCO shareholders to vote on transferring SAR 20.4 mln statutory reserve

25/04/2018 Argaam

National Gas and Industrialization Co.’s (GASCO) shareholders will vote on the board's proposal for transferring SAR 20.36 million of statutory reserve to the company’s retained earnings.

 

The general assembly will also vote on the company's financial statements, the board and auditor's reports for the fiscal year 2017, the gas producer said in a bourse statement on Wednesday.

 

Shareholders will discharge the board from liability and approve board remuneration for the previous year, and appoint an external auditor for the current year.

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