Al Rajhi Company for Cooperative Insurance's (Al Rajhi Takaful) shareholders approved financial statements, board's report, and auditor's report for fiscal year ending Dec. 31, 2019, the company said in a bourse statement.
Shareholders also discharged board members from liability for FY2019, and appointed a new auditor for FY2020 and Q1 2021.
During the meeting, a new board member was appointed and the business contracts inked last year were also approved.
Board bonuses at SAR 1.107 million for FY2019 were also endorsed during the meeting.
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