Al Alamiya shareholders approve 2021 financials, board report

07/06/2022 Argaam

Al Alamiya for Cooperative Insurance Co.’s shareholders approved the board as well as auditor’s reports and financial statements for 2021, during the ordinary general meeting (OGM) held on June 6, the company said in a bourse filing. 

 

Shareholders also discharged board members from liability for 2021 and appointed a new auditor to review financials for Q2, Q3, Q4 2022 and Q1 2023.

 

They further ratified the disbursement of SAR 516,000 in a board remuneration for last year.

 

Additionally, shareholders endorsed the business contracts inked between the company and other institutions.

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