ACIG postpones EGM on lack of quorum

Allied Cooperative Insurance Group (ACIG) postponed its first and second extraordinary general assembly meetings (EGMs), slated for Sunday, May 18, due to lack of quorum, the company said in a Tadawul statement.

The firm will announce a new date for the meeting after obtaining the required regulatory approvals, the statement added.

The third meeting will be held by the shareholders who are present at the meeting without a quorum, the Saudi-listed insurer further noted.