Sipchem approves board, audit reports for FY 2018

Saudi International Petrochemical Co's. (SIPCHEM) shareholders have approved audited financial statements and audit report for the fiscal year 2018 during the general assembly meeting held on April 21, the company said in a bourse statement.

Shareholders have also approved the board report for the same period and discharging board members from liabilities during FY 2018.

They have also approved setting aside a general reserve and delegated the company’s board to approve the related policies.

Meanwhile, they have approved all other items on the meeting’s agenda including board remuneration and distributed dividend.