Salama shareholders to vote on FY2018 financials, board report on Oct. 12

Shareholders of Salama Cooperative Insurance Co. are set to vote on financial statements and audit report for the fiscal year 2018 during the general meeting that will be held on Oct. 12, 2020, the company said in a bourse statement.

Shareholders will also vote on the board report for the same period as well as discharging board members from liabilities during FY 2018.

Other agenda items include voting on the board of directors’ resolution to appoint Raed Al-Qassim and Akram bin Omar, as independent board members, for the period starting from June 20, 2020 until July 24, 2022.

They will also elect three board members from among nominees for vacant positions, starting from the general meeting date until the end of the current board term ending on July 24, 2022.

Shareholders can start voting on the general meeting agenda items through Tadawulaty system on Friday, Oct. 9, the statement added.