Aljazira Takaful appoints new board of directors

02/05/2019 Argaam

Shareholders of Aljazira Takaful Taawuni Co. have elected a new board of directors for the next three-year term starting July 2, 2019, the company said in a bourse filing on Thursday.

 

Abdulmajeed Al Sultan was reappointed as board chairman.

 

Board members were discharged from liability associated with their activities in 2018 and a board remuneration of SAR 1.28 million was approved for the same year.

 

The board of directors’ report, audit report and all financial statements for 2018 were also endorsed during the meeting.

 

A new audit committee was formed and an external auditor was appointed for 2019 and Q1 2020, the statement added.

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