SPIMACO to discuss board dismissal, new audit committee in January

Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO) on Jan.10, 2019, will vote on dismissing board directors and the audit committee members, the company said in a bourse filing.

Shareholders will also elect board members for a new three-year term.

Last August, SPIMACO said it received a letter from its shareholder Amin Shaker, requesting to hold an extraordinary general assembly meeting to vote on sacking all board members.

Shaker also asked to vote on dismissing the audit committee and electing a new board for a three-year term, Argaam reported.