SABB Takaful shareholders to vote on 2020 board, audit reports on June 24

SABB Takaful Co.'s shareholders will vote on board and audit reports, as well as audited financial statements for 2020 during the ordinary general meeting (OGM) that will be held on June 24, 2021.

The insurer said in a bourse statement that shareholders will vote on discharging board members from liabilities for 2020.

They will also vote on the appointment of external auditors to review the financial statements for Q2, Q3 and 2021, and Q1 2022, and determine the fees.

Agenda items also include voting on the disbursement of SAR 808,000 as remuneration to board members for 2020, as well as various business contracts concluded with several other companies.