Riyadh – Mubasher: The ordinary general meeting of Bishah Agriculture Development ratified yesterday the company’s financial and board’s report for the fiscal year 2015, according to a bourse filing.

Further, the ordinary meeting discharged the board members from liability for the same fiscal year.

The extraordinary general meeting (EGM), which was to be held yesterday, was adjourned for the second time due to lack of quorum.  The extraordinary meeting will look into a number of items, including either the continuity or dissolution of the business.

By the end of May, its net losses reached SAR 94,000, compared to SAR 116,000 for the year-ago month, while accumulated losses stood at SAR 125,000, 134.86% of capital.