Walaa Insurance shareholders to vote on dividend freeze for 2020 on June 23

Walaa Cooperative Insurance Co. (Walaa Insurance) shareholders will vote on board of directors’ recommendation to withhold dividend for 2020, during the ordinary general meeting (OGM) that will be held on June 23, 2021, according to a bourse filing.

Shareholders will also vote on approving the board and auditor reports along with financial statements for 2020.

During the meeting, shareholders will also vote on appointing an external auditor to review financial results for Q2, Q3, Q4 2021 and Q1 2022, and paying SAR 4.6 million in board remuneration for 2020.

Shareholders will vote on the agenda items as of June 19, 2021, through the Tadawulaty services.