Al Hokair Group GA approves financial statements of 2021, approves number of businesses and contracts

The Board of Directors of abdulmohsen alhokair group for toursim and development announced on Tuesday the results of the Ordinary General Assembly meeting (first meeting) after completed the Quorum for Convening as per the company bylaws and the company’s law.

The results of GA voting:

1. Approval on the company’s auditor’s report for the fiscal year ended December 31, 20021
2. Approval on financial statements for the fiscal year ended 2021/12/31
3. Approval on the Board’s report for the fiscal year ended December 31, 2021.
4. Approval on the business and contracts between the company and Abdul Mohsen Abdulaziz Al-Hokair Holding Group,
5. which for the members of the Board of Directors is an indirect interest, namely Professor/Mosaed Al-Hokair (for the previous session), Professor Majid Al-Hokair, Professor Sami Al-Hokair and Professor Bandar Al-Hokair, which is the lease of the Holiday Inn, noting that the transactions for the previous year are (SR2,631,220), equivalent to 20% of the total revenue without preferential conditions or benefits.
6. Approval on the appointment of the company’s auditor from Among the candidates on the recommendation of the review committee to examine, review and audit the financial statements for the second, third and annual quarters of fiscal year 2022 and the first quarter of 2023 and determine its fees.
7. Approval on the discharge of board members for the fiscal year ended December 31, 2021.
8. Approval to spend (SR 2,092,344) reward to board members for the fiscal year ended December 31, 2021
9. Approval to pay a reward to the members of the review committee amounting to (SR168,806) for the fiscal year ended 31 December 2021