24-06-2025
GACO shareholders reject appointing external auditor, disbursing board remuneration
Al Gassim Investment Holding Co.'s (GACO) shareholders disapproved appointing an external auditor from among the candidates based on the audit committee's recommendation to examine, review and audit the financial statements for Q2, Q3 and FY 2025 as well as the Q1 2026 and determine their fees, according to a statement to Tadawul.
In an ordinary general meeting (OGM) held on June 23, shareholders also refused to disburse the board of directors' remuneration of SAR 1.05 million for 2024.
Meanwhile, they approved amending the audit committee work regulation but rejected the amendment of the remuneration and nomination committee work regulation as well as the remuneration policy for the board members, the board committees, and the executive management.
