Gulf General shareholders approve board remuneration

Shareholders of Gulf General Cooperative Insurance Co. have approved SAR 1.8 million in remuneration for the board of directors for the fiscal year 2018, 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 2018.

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

Auditors were was also appointed for the current fiscal year and Q1 2020.