Widam Food Company announced the results of the General Assembly meeting of the Ordinary General Assembly, which was held on 06/04/2021, where the following was approved:
1- Approval of the Board of Directors’ report on the company’s activity and financial position for the year ending on December 31, 2020 AD, and the future plan.
2- Approval of the auditor’s report on the company’s budget for the year ending on December 31, 2020 AD.
3- Approval of the company’s balance sheet and profit and loss account for the year 2020.
4- Approval of the corporate governance report for the year 2020.
5- Approval of the Board of Directors’ proposal to distribute cash dividends of 10% of the capital at 0.10 riyals per share.
6- Agreeing to absolve the members of the Board of Directors from liability for the year ending on December 31, 2020 AD, and determining their remuneration.
7- Approval of the appointment of KPMG as an external auditor for the fiscal year 2021 AD.