Catering shareholders approve annual reports for FY17

Saudi Airlines Catering Co.’s shareholders on Monday approved 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.

During the extraordinary general assembly meeting, they approved dividend distributed for FY 2017 and delegated the company’s board to distribute dividend for FY 2018.

 Meanwhile, they approved all other items on the agenda including appointing an external auditor, related party transactions and amending corporate laws.