Walaa shareholders to elect board members on May 20

Walaa Cooperative Insurance Co.’s shareholders will elect members of the board of directors for the upcoming three-year term starting on May 26, 2025, during the extraordinary general meeting (EGM) that will be held on May 20.

In a statement to Tadawul, the company said that shareholders will also vote on amending Article (16) of the bylaws related to the management and amending the board of directors’ membership appointment policy and procedures.

Meanwhile, they will vote on granting the board of directors the authority of the general assembly with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval or until the end of the term of the authorized board, whichever is earlier, in accordance with the conditions mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.