Al-Baha Investment and Development Co. said the ordinary and extraordinary general meetings were held yesterday, Sept. 17, 4:00 p.m., at headquarters.
During the ordinary meeting, shareholders endorsed the financial statements as well as the board and auditor’s reports as on Dec. 31, 2013.
Shareholders also approved appointing Rodl Al-Tuwaijri as an auditor for FY14.
During the extraordinary meeting, shareholders gave the go-ahead for the company to continue as a going concern. The board was mandated to take the relevant procedures.