AXA Cooperative shareholders to vote on board, audit reports on June 25

AXA Cooperative Insurance Co.’s shareholders will vote on audited financial statements, as well as audit and board reports for the fiscal year 2019, during the ordinary general meeting that will be held on June 25, the company said in bourse filing on Thursday.

They will also vote on appointing an external auditor to audit Q2, Q3, Q4 and FY2020, in addition to Q1 2021.

Furthermore, they will vote on discharging board members from liabilities for FY2019, and board remuneration of SAR 1.25 million for the last year.

Shareholders will also endorse several business contracts signed in 2019.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of June 22, as per the Capital Market Authority’s (CMA) circular issued on March 16, in line with the government’s efforts to prevent the spread of coronavirus.