Saudi Reinsurance shareholders to vote on board, audit reports on May 10

Saudi Reinsurance Co.’s shareholders will vote on audited financial statements and audit report for the fiscal year 2019 during the extraordinary general meeting (EGM) that will be held on May 10, 2020, the company said in a bourse statement.

They will also vote on the board report, discharging members of the board of directors from liabilities during FY2019, and appointing external auditor to audit the company’s Q2, Q3, Q4, FY2020 and Q1 2021 financials.

Meanwhile, shareholders will vote on the renewal of a 1-year consultancy services contract worth SAR 150,322 with board member Jean-Luc Gourgeon, who has a direct interest.

Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa), in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of coronavirus.