AlJazira Takaful shareholders elect new board members, form audit committee

Logo of AlJazira Takaful Taawuni Co. 

Shareholders of AlJazira Takaful Taawuni Co. elected board members for the next three-year term, during the ordinary general assembly meeting (OGM), held on July 17, according to a bourse filing.

The board term will start from the OGM date.

The new members are Abdulmajeed Alsultan, Naif Al AbdulKareem, Khalid Al Othman, Naif Almesned, Ashraf Adnan Bseisu, Ibrahim Al-Hurabi, Yahya Al-Mansour, Abdulkarim Alnujaidi and Sager Nadershah.

Shareholders also approved the formation of the audit committee, determining its duties, work regulations, and remuneration of its members for the new term, for the same term.

The committee includes Ibrahim Al-Hurabi, Abdulkarim Alshamikh and Khalid Alkhwaiter.

Meanwhile, shareholders approved granting the board the powers of the general assembly as stipulated in the Companies Law, for one year starting from the OGM approval date or until the end of the delegated board’s term, whichever is earlier.