Malath shareholders disapprove 2021 board remuneration, elect board members for new term

Logo of Malath Cooperative Insurance Co.

Malath Cooperative Insurance Co.’s shareholders disapproved the payment of SAR 1.4 million in board remuneration for 2021, during the ordinary general meeting (OGM), held on April 21, according to a bourse filing.

During the meeting, shareholders elected a new board of directors for the upcoming three-year term starting April 21, 2022, including Fawaz Al-Hajji, Yasser Al-Rasheed and others.

They also approved the formation of an audit committee for the three-year term starting April 21, which comprises Amro Alnemari, Saleh Al Ismail and others.