Saudi Re shareholders approve board, audit reports for 2020

05/05/2021 Argaam

Saudi Re for Cooperative Reinsurance Co.’s shareholders endorsed the board and auditor reports, as well as financial statements for 2020, during the ordinary general meeting (OGM) held on May 4, 2021, according to a bourse filing.

 

Shareholders also ratified the payment of SAR 1.859 million in board remuneration for 2020.

 

Additionally, they appointed an auditor to review financial statements for Q2, Q3, Q4 2021 and Q1 2022, discharged board members from liability for 2020, and approved contracts concluded with other entities.

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