Gulf General Cooperative Insurance Co.’s shareholders approved audited financial statements, as well as audit and board reports for the fiscal year 2019, during the ordinary general meeting held on June 29, the company said in bourse filing on Tuesday.

 

Shareholders approved appointing an external auditor, discharging board members from liabilities for FY2019, in addition to a board remuneration of SAR 1.8 million for the last year.

 

They also approved several related party transactions to take place during this year.

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