Malath shareholders approve FY19 financials, audit report

23/04/2020 Argaam

Shareholders of Malath Cooperative Insurance Co. approved financial statements, as well as the board and audit reports for the fiscal year 2019 during the general meeting held on April 22, the company said in a bourse statement on Thursday.

 

Board members were also discharged from liabilities for FY19, and an external auditor was appointed for FY20 and Q1 2021.

 

In addition, a board remuneration of SAR 3.15 million for the same fiscal year was also endorsed, the statement added.

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