Allied Cooperative to elect board directors in May

16/04/2019 Argaam

Allied Cooperative Insurance Group’s (ACIG) shareholders on May 15 will elect board directors for the next three-year term starting May 18, 2019, the Saudi insurer said in a bourse filing.

 

Shareholders will also approve board bonuses at SAR 1.26 million for FY18.

 

The board of directors’ report, an audit report and all financial statements for 2018 will be endorsed during the meeting.

 

Shareholders will also discharge board members from liability associated with their activities in 2018.

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