Amana Insurance shareholders OK board members' election for new term

Logo of Amana Cooperative Insurance Co.

Amana Cooperative Insurance Co.’s shareholders approved the election of board members from among the nominees for a four-year term starting Nov. 9, 2025, to Nov. 8, 2029, during the ordinary general meeting (OGM) held on Nov. 3, according to a Tadawul statement.

The elected members are Abdullah Al-Mousa (non-executive), Tariq Al-Garaawy (independent), Naif Al-Sudairy (non-executive), Pierre Pharaon (non-executive), Hassan Al-Zahrani (independent), Bashar Kayali (independent), and Khalid Al-Khudairi (independent).

Shareholders also approved authorizing the newly elected board to exercise the powers of the OGM regarding licensing, as stipulated in Article 27(1) of the Companies Law, for a period of one year from the date of approval or until the end of the board’s term, whichever comes first. The move follows the conditions outlined in the Executive Regulations of the Companies Law for listed joint-stock companies.