Saudi RSM refuses to audit Weqaya Insurance financials

24/02/2015 Argaam

 

Saudi RSM turned down an offer to audit financial results for Weqaya Insurance after the company refused to increase its pay to SAR 1.3 million from the agreed upon SAR 200,000

 

The auditor was appointed after Weqaya's general assembly accepted its offer in January.

 

The insurer said it will hold an assembly meeting to discuss the issue, based on its statement to Tadawul, Saudi Arabia’s bourse.

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