UCA shareholders approve board remuneration

28/06/2018 Argaam

United Cooperative Assurance Co.’s (UCA) shareholders approved SAR 1.26 million in remuneration for the board of directors for the fiscal year 2017, the company said in a statement to Tadawul on Thursday.

 

The general assembly also approved the board of directors’ report, the auditor’s report and the financial statements for fiscal year 2017.

 

The board of directors was discharged from liability for the previous year.

 

Shareholders also approved several contracts with companies, in which some UCA board members own a direct stake, the statement added.

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