Solidarity Takaful shareholders approve FY2019 board, audit reports

Solidarity Saudi Takaful Co.’s shareholders approved audited financial statements and audit report for the fiscal year 2019 during the general assembly meeting held on May 14, the company said in a bourse statement.

Shareholders also approved the board report for the same period and discharged board members from liabilities during FY2019.

In addition, they approved other items on the meeting’s agenda including appointing an external auditor to audit the company’s financial statements for Q2, Q3, and Q4 2020, as well as FY2020 and Q1 2021.

Meanwhile, they approved a board remuneration of SAR 900,000 for FY2019 at SAR 100,000 per member.