Wafa Insurance shareholders recommend dismissal of board member

30/04/2020 Argaam

 

Saudi Indian Company for Cooperative Insurance’s (Wafa Insurance) shareholders recommended the termination of board member, Abdul Majeed Al Angari, on breach of duties in ways impacting the company’s interest.

 

The insurer said in a bourse statement today that the recommendation will be submitted to the next ordinary general assembly meeting (OGM) for approval.

 

The company indicated that it is subject to the financial restructuring process under the Saudi bankruptcy law.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.