Wataniya Insurance shareholders elect new board, audit committee

Logo of Wataniya Insurance Co.

Wataniya Insurance Co.’s shareholders appointed a new board of directors for the three-year term starting April 26, 2022, during the ordinary general meeting held on April 25.

The board members include Hussein Akeil, Faisal Charara, Amin Alafifi, Bernd Kohn, Haitham Albakree, Tahir Aldabbagh, Nidal Radwan, Raed Sater, Firas Aljraiwi, and Hatim Barjash, the insurer said in a statement to Tadawul.

Shareholders also formed the audit committee for the same three-year term, with members including Shireesh Behide, Nedahl Radwan, and Sami Alhalabi.

They also approved the audited financial statements, as well as audit and board reports for 2021.

Shareholders discharged board members from liabilities for 2021, as well as appointed an auditor to review financial statements for Q2, Q3, and 2022, and Q1 2023.

They disbursed SAR 1.347 million as remuneration for each board member for 2021, and also approved various business and contracts concluded with other companies.