MedGulf shareholders approve annual reports for FY17

The Mediterranean and Gulf Insurance and Reinsurance Co.’s (MedGulf) general assembly approved audited financial statements and audit report for the fiscal year that ended Dec. 31, 2017.

Shareholders also approved the board report for the same period and discharged board members from liabilities during FY 2017, the company said in a bourse statement.

Meanwhile, they approved all other items on the agenda, including appointing an external auditor, electing board’s audit committee and approving related party transaction.