JIBLAH Holding Company is preparing to hold its ordinary general assembly on Monday, May 12, 2025, to discuss items related to the company's performance for the fiscal year ending August 31, 2024.
The meeting is expected to include presentations of reports from the Board of Directors and the auditor, in addition to discussions and approvals of the financial statements for the fiscal year ending August 31, 2024.
The agenda will also cover any violations and penalties (if any) issued by regulatory authorities, along with a discussion and approval of the report on transactions with related parties that have occurred or will occur.
Additionally, the assembly will discuss the non-allocation of optional and mandatory reserves, the non-distribution of dividends, and the non-disbursement of bonuses to Board members for the fiscal year ending August 31, 2024, along with a proposal to discharge them and absolve them of any liability concerning their financial, legal, and administrative actions for the fiscal year 2024.
The meeting will conclude with discussions on the appointment or reappointment of the auditor for the upcoming fiscal year ending August 31, 2025, granting the Board of Directors the authority to determine their fees.