Jarir shareholders to elect board members on March 1

Jarir Marketing Co.’s (JMC) shareholders will vote on electing board members for the next three-year term that will begin on March 9, 2022, during the ordinary general meeting that will be held on March 1, according to a bourse filing.

Shareholders will also vote on the formation of audit committee for the new term starting March 9. The candidates are Abdulsalam Al-Agil, Muhammed Al Dahash and Medhat Tawfiq.

In addition, they will discuss stopping the allocation of 10% of net profit to regular reserve, starting from the financial results for the period ending Dec. 31, 2021, as the regular reserve reached 30.6423% of capital as on Sept. 30, 2021.

An auditor will also be appointed to review the company’s financials for Q2, Q3, Q4 2022, and Q1 2023.