Riyadh- Mubasher: Fawaz Abdulaziz Al Hokair Company will hold its ordinary general meeting (OGM) on 24 July to vote on retaining the company’s earnings of the fiscal year ended 31 March 2016, according to a bourse filing.

The OGM will discuss selling the firm’s full stake in Spanish clothing brand Blanco for SAR 350 million, with credit sale additional costs of SAR 25 million to be added to the contractual price.

The meeting will also consider the company’s financial statements for the same FY, the board’s report, in addition to discharging the board members.