Malath Cooperative Insurance Co.’s ordinary general assembly approved on Tuesday the board report, audit report and financial statements for 2018, the insurer said in a bourse statement.
Shareholders discharged board members from liability associated with their activities in 2018, and selected BDO as an external auditor for Q2, Q3, Q4 and 2019, as well as Q1 2020.
They approved board remuneration of SAR 1.73 million for fiscal year 2018.
They also approved the board of directors for the new three-year term ending on April 5, 2022.
Shareholders approved the auditing committee for the new terms, and approved the related party transactions.
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