SABB Takaful shareholders approve 2020 board, audit reports

SABB Takaful Co.'s shareholders approved the board and audit reports, as well as financial statements for 2020, during the ordinary general meeting (OGM) held on June 24, according to a bourse statement.

Shareholders also approved the appointment of Dr. Mohamed Al-Amri & Co. & PKF - Al Bassam as an auditor to review Q2, Q3, 2021 and Q1 2022 financial statements, and determined the fees.

During the meeting, they approved discharging the board from liability for 2020, as well as paying SAR 808,000 as remuneration to board members for the same year.

Shareholders also gave the go-ahead for the contracts concluded between the company and related parties.