Malath Insurance to vote on board, audit reports on April 22

Malath Cooperative Insurance Co.’s shareholders will vote on audited financial statements, as well as audit and board reports for the fiscal year 2019, during the ordinary general meeting that will be held on April 22, according to a bourse filing on Tuesday.

Moreover, shareholders will vote on appointing an external auditor, discharging board members from liabilities for FY2019, in addition to a board remuneration of SAR 3.15 million for the full year.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system, as per the Capital Market Authority’s (CMA) circular issued on March 16, in line with the government’s efforts to prevent the spread of coronavirus.