Al Ahlia Insurance disapproves SAR 2.95 mln board remuneration

Al Ahlia for Cooperative Insurance Co.'s shareholders rejected to discharge board members from liability for FY ending Dec. 31, 2019 during the company's ordinary general meeting held yesterday, the insurer said in a bourse statement.

Shareholders also disapproved a board remuneration of SAR 2.95 million for the same FY.

However, shareholders approved other agenda items including financial statements, board's report, and auditor's report for fiscal year ending Dec. 31, 2019. Shareholders also appointed a new auditor for FY2020 and Q1 2021.