Saudi Indian Company for Cooperative Insurance's (Wafa Insurance) shareholders approved the formation of an audit committee for the three-year term started June 2, 2020.
This came during the ordinary general meeting (OGM) held on June 2, the company said in a bourse statement.
Shareholders also appointed a new auditor for FY2019, FY2020 and Q1 2021, and endorsed the board's recommendation on dismissing a board director.
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