Al Firdous Group cancels insurance contracts with Salama

01/09/2019 Argaam

 

Salama Cooperative Insurance Company received on Aug. 20 a letter from Al Firdous Group requesting immediate cancelation of all insurance contracts with the insurer.

 

The request came in line with Salama shareholders’ decision and governance principles, as Hussein Bayari – a board member in Salama – also serves as a board member in Al Firdous, the insurer said in a bourse statement. 

 

Accordingly, Bayari will remain on Salama’s board of directors, the statement added.

 

On July 28, Salama announced that board member Hussein Bayari was given a period of time by shareholders until Aug. 31 to choose whether to continue as a board member in the insurer, or cancel the group’s contracts with Salama.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read