Salama’s two major shareholders request board director dismissal

Salama Cooperative Insurance Co.’s (Salama) two major shareholders, owning more than 5% of capital, requested to hold an ordinary general meeting (OGM) to vote on the dismissal of board director, Mustafa Kheriba.

The ordinary meeting date as well as its agenda will be revealed later, upon finalizing the relevant regulatory approvals, the insurer said in a bourse filing.

Salama’s major shareholders list includes Islamic Arab Insurance Co., with a 12% stake of its share capital, reaching three million shares, Argaam reported.