Gulf General Cooperative Insurance Co.’s shareholders ratified the appointment of KPMG Al Fozan & Partners and AlKharashi & Co. (Mazars) as external auditors, during the ordinary general meeting (OGM) held on June 27, according to a bourse filing.
The auditor is entitled to review and audit the company’s financial statements for Q2, Q3, annual 2022 and Q1 2023.
Shareholders also approved the board and auditor’s reports for 2021.
Meanwhile, they ratified the payment of SAR 1.8 million as remuneration for board members and discharged them from liability for 2021.
In addition, they ratified the business and contracts that will be concluded between the company and other parties.
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