Al Ahlia shareholders to vote on board, audit reports on May 4

Al Ahlia for Cooperative Insurance Co.’s (Al Ahlia) shareholders will vote on audited financial statements and audit report for the fiscal year 2019 during the ordinary general meeting (OGM) that will be held on May 4, 2020, the company said in a bourse statement.

Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa), in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.

They will also vote on appointing an external auditor to audit the company’s financials for Q2, Q3, FY 2020, and Q1 2021, the statement noted.

Meanwhile, shareholders will vote on board of directors’ remuneration of SAR 2.95 million and discharging board members from liabilities for FY 2019.