SIIL shareholders approve company’s future plans
March 14 2020 01:33 AM
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Salam International Investment (SIIL) held its ordinary general assembly meeting on March 11, wherein shareholders approved the company’s 2019 financial performance and future plans. The general assembly also approved the renewal of its joint venture agreements with Salam Bounian, authorising the board to enter into joint ventures with the sister company, in addition to holding their loans and issuing letters of credit and guarantees wherever necessary. The company reported net loss of QR129.6mn and it was decided not to distribute any dividends for 2019. The general assembly also decided to appoint Ernst and Young as the auditors for 2020.



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