Al Sagr Insurance shareholders approve board nominations

Al Sagr Cooperative Insurance Co. (Sagr Insurance) shareholders have approved the board’s regulations, including the board nominations for new members, the insurer said in a bourse statement.

This came during the insurance company’s ordinary general meeting, held on December 29, 2017.

Shareholders also gave the go-ahead for the audit committee updated regulations, in addition to the regulations of the executive, investment, nomination & remuneration, as well as risk-management committees.

They also gave the go-ahead for the policies of the board membership, as well as the remuneration policy for board members and executives.