Al Sagr major shareholder withdraws request to dismiss 2 board members

03/10/2024 Argaam
Logo ofAl Sagr Cooperative Insurance Co.

Logo of Al Sagr Cooperative Insurance Co.

Al Sagr Cooperative Insurance Co. received a letter from a major shareholder owning 10% of the UAE's Al Sagr National Insurance Co., requesting to withdraw his previous letter on holding an ordinary general meeting to dismiss two board members, according to Tadawul website.

 

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In September, the insurer received a letter from this major shareholder, requesting to convene a general assembly to vote on dismissing Chairman Saud Al Arifi and Yasser Alharbi, non-independent board member, according to data available with Argaam.

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