Wataniya Insurance shareholders approve amending bylaws

12/04/2021 Argaam

Wataniya Insurance Co.'s shareholders approved amendments to the company's bylaws during the extraordinary general meeting (EGM) held on April 11, 2021.

 

The amendments were related to the company's establishment, purpose, ownership, investments, capital increase and decrease, board tenure, authority and fees, etc.

 

Shareholders will also approve the nomination of Tahir Aldabagh as a non-executive board member for the current board tenure ending on April 25, 2022.

 

They also approved the board report, financial statements and payment of board fees of SAR 1.14 million for 2020, as well as ratified several business transactions concluded by the company.

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