Wafra approves financial statements for 2022, appoints Saad Al Otaibi and Makasat Al Otaibi as of BOD members

Wafrah for Industry and Development Company announced on Sunday the results of the General Assembly Meeting (the First Meeting), which was held virtually by modern technology means, at 20:30, on Thursday 01-06-2023, and the items included the review and discussion of the company’s financial statements for the fiscal year ending on 12/31/2022.

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

– The Board of Directors’ Report for the fiscal year ending on 31/12/2022 was reviewed and discussed.

-Approval of the company’s auditor report for the fiscal year ending on 31/12/2022.

– Approval of appointing Ibrahim Ahmed Al Bassam Co & Partners (Legal Auditors) as auditors for the company from among the candidates, based on the Audit Committee’s recommendation, and determining the auditor’s fee. The appointed auditor shall examine, review, and audit the financial statements for the second, third, fourth quarters, and annual of the fiscal year 2023 and the first quarter of the fiscal year 2024.

– Approval of the absolution of the Board of Directors from liabilities for the fiscal year ending on 31/12/2022.

– Approval of the Board of Directors’ resolution appointing Mr. Saad Solaib Mutlaq Al-Otaibi (Non-executive Member) to the Board of Directors starting from the date of his appointment on 28/02/2023 to complete the Board session until the date of the end of the current session on 13/01/2024, to succeed the previous member, Mohamed A/Razzaq Aboud Albaghdadi (Non-executive Member).

– Approval of the Board of Directors’ resolution appointing Mr. Maqid Ibrahim Ramthan Al-Otaibi (Executive Member) to the Board of Directors starting from the date of his appointment on 28/02/2023 to complete the Board session until the date of the end of the current session on 13/01/2024, to succeed the previous member, Mr. Faisal A/Aziz Mohamed Alkhudairi (Executive Member).