MEDGULF shareholders to elect board members on May 8

The Mediterranean and Gulf Insurance and Reinsurance Co.'s (MEDGULF) shareholders will vote on electing members of the board of directors for the upcoming three-year term, ending May 7, 2025, during the ordinary general assembly meeting (OGM) that will be held on May 8.

In a statement to Tadawul, MEDGULF said the shareholders will also vote on the formation of audit committee for the same term.

Shareholders will also vote on financial statements for 2021, along with board and auditors’ reports.

The meeting agenda also includes voting on the appointment of external auditors to review the financial statements for Q2, Q3 and annual 2022, and Q1 2023.

Moreover, they will vote on discharging board members from their liabilities for the term ending on Dec. 31, 2021.

The e-voting on the agenda items will start as of May 4 via Tadawulaty services.