Al Ahli Takaful shareholders approve FY18 financials

Al Ahli Takaful Co.’s (ATC) shareholders approved the financial statements, board and audit reports for fiscal year 2018 during a general assembly meeting held on May 21, the company said in a bourse statement.

They also approved appointing Ernst & Young and Baker Tilly as independent auditors for the financial statements of Q2, Q3 and 2019, as well as Q1 2020.

The shareholders approved board members’ remunerations for FY18, and appointed Khaled bin Malek Al Ghalib and Khalid Mohammed Bashnini as non-executive board members and representatives of the National Commercial Bank. Until the end of the term on June 25, 2019.

They approved to update the policies of board membership, remuneration and committees.

The general assembly approved deals and contracts with FWU Company, NCB, NCB Capital, and Al Ahli Insurance Services Marketing Company.