Zain Saudi shareholders approve board, audit reports for FY2019

Mobile Telecommunication Company Saudi Arabia’s (Zain Saudi) shareholders approved audited financial statements and audit report for the fiscal year 2019, during the ordinary general assembly meeting held on June 3, 2020, it said in a bourse statement.

Shareholders also approved the board report for the same period, discharging board members from liabilities during FY2019, as well as the board of directors’ remuneration of SAR 3.675 million for 2019.

Meanwhile, they also ratified various transactions and contracts concluded between the company and Almarai Co., Archiving and Warehousing Storage Solutions Co. and Yamama Cement Co. in which chairman Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer has an indirect interest.