SFICO GA Approves Company Financial Statements for 2021

The Saudi Fisheries Company (SFICO) announced on Thursday the results of the ‎Ordinary General Assembly meeting (First ‎meeting)‎ and it also announced Approval of the financial statements for the fiscal year ended on ‎December 31, 202‎‏1.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1- Approval of the Board of Directors’ report for the fiscal year ‎ended on December 31, 202‎‏1‏‎.‎

2- Approval of the company’s auditor’s report for the fiscal year ‎ended on December 31, 202‎‏1‏‎.‎

3- Approval of the financial statements for the fiscal year ended on ‎December 31, 202‎‏1‏‎.‎

4- Approval of dischargement of members of the Board of ‎Directors from liability for the fiscal year ended on December 31, ‎‎202‎‏1‏‎.‎

5- Approval of disbursing an amount of (SR950,000) as a ‎bonus to members of the Board of Directors for the fiscal year ‎ended on December 31, 202‎‏1‏‎.‎

6- Approval of the appointment of the auditor of Ibrahim Ahmed ‎AL Bassam & Co‎ company from among the candidates, based on ‎the recommendation of the audit committee, for examination, ‎review and auditing of the financial statements for the second, ‎third quarters and annual of the fiscal year 202‎‏2‏‎ and the first ‎quarter of the fiscal year 202‎‏3‏‎ and determine their fees.‎

7- Approval of the Board of Directors becoming a proxy of the ‎Ordinary General Assembly authority with the permit mentioned ‎in Paragraph (1) of Article 71 of the Companies Law, for a period ‎of one year from the date of approval of the Ordinary General ‎Assembly or until the end of the authorized Board of Directors’ ‎term, whichever is earlier, in accordance with the conditions ‎mentioned in the regulatory controls and procedures issued in ‎implementation of the private Companies Law for the listed joint ‎stock companies.‎