Gulf Union Alahlia Cooperative Insurance Co.’s (Gulf Union Alahlia) shareholders approved the board and auditor’s reports, as well as financial statements for 2021, during the ordinary general meeting (OGM) held on June 28.
They endorsed the payment of SAR 1.2 million as remuneration for board members and discharged them from liabilities for 2021.
They also gave the green light for appointing an external auditor to review and audit financial statements for Q2, Q3, and 2022, and Q1 2023.
Shareholders endorsed other meeting agenda items, such as voting on business contracts concluded with other companies.
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