The general assembly of Tabuk Agricultural Development Company has approved the financials and audited report for the fiscal year ended 31 December 2018, during the meeting held on 20 June.
Meanwhile, the assembly did not approve board’s remuneration for full-year 2018, the company said in a filing to the Saudi Stock Exchange (Tadawul) on Sunday.
The shareholders have also agreed to the replacement of two projects:
The potato processing project
The integrated feed project
The potato project will be in exchange for 50% of capital shares in Afaq Food Company, while the integrated feed project will be for 60% of capital share in Masader Agricultural Feed Company.