Gulf General shareholders to vote on board, audit reports on June 29

Gulf General 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 June 29, the company said in bourse filing on Monday.

Shareholders will vote on appointing an external auditor, discharging board members from liabilities for FY2019, in addition to a board remuneration of SAR 1.8 million for the last year.

They will also endorse several business contracts signed in 2019.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of June 25, 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.