Salama receives shareholder's request to vote on dismissing 4 board members

Salama Cooperative Insurance Co. has received a request from a major shareholder, who owns over 5 percent of the company's capital, to hold a general assembly meeting to vote on dismissing four board members.

The four board members are Hussein Beyari, Loay Basrawi, Ahmed Al-Shetaifi and Ahmed Mourad, the insurer said in a bourse statement.

Salama will announce later on the date and agenda of the general assembly after obtaining the required regulatory approvals, the statement added.