ACIG shareholders elect new board, reject board bonus for 2021

06/06/2022 Argaam

Logo of Allied Cooperative Insurance Group 

Allied Cooperative Insurance Group (ACIG) shareholders elected new board members for a three-year term ending May 17, 2025, during the ordinary general assembly meeting (OGM) held on June 5. 

  

The new board comprises. Yasser Al Jarallah and Fayez Mahfouz, representing Gulf Fortune Holding Co., Ali Al-Jaafari, Abdulrahman Al-Amoudi, Khalid Al-Rasheed, Muhammad Al-Rasheed, Abdullah Al-Sheikh, Abdullah Al-Qahtani, Mohamed Al-Rasheed, and Mohammed Al-Rasheed. 

 

They rejected disbursing SAR 1.048 million as a bonus to the members of the board of Directors for 2021. 

 

Shareholders approved financial statements, as well auditor and board reports for 2021. They gave nod on appointing an auditor to review Q2, Q3, Q4 and 2022, as well as Q1 2023 financial statements. 

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