Maadaniyah shareholders approve 2018 fiscal reports

National Metal Manufacturing and Casting Co.’s (Maadaniyah) extraordinary general assembly approved on June 20 the board report, financial statements and audit report for the fiscal year 2018, the firm said in a bourse statement.

The shareholders approved board members and auditing committee remuneration of SAR 1.2 million and SAR 150,000, respectively, for the year.

They also appointed and external auditor for Q2, Q3, Q4 and 2019, as well as Q1 2020.

Shareholders also approved amendments to the bylaws and company governance updates.