Arabia Insurance GA approves BOD recommendation to appoint Company auditors

Arabia Insurance Cooperative Company (AICC) announces the results of the Ordinary General Assembly meeting (the first meeting), held on Sunday, whereas the General Assembly approved the appointment of the company’s auditors from among the candidates based on the Audit Committee’s recommendation. The appointed auditors shall examine, review and audit the second quarter, third quarter, and annual financial statements of the fiscal year ending 2023 and the first quarter of the fiscal year 2024, and the determination of the auditors’ remuneration and they are:

– Abdullah Mohammad Al Azem, Salaman Bander Al Sudairy, Musab Abdulrahman Al Shaikh, & Partners for Professional Consulting.

– AlKharashi & Co. Certified Accountants and Auditors.

The General Assembly also approved:

– Payment of total amount of (SAR 900,000) as remuneration to the members of the Board of Directors for the year ended on December 31, 2021; and

– Payment of total amount of (SAR 900,000) as remuneration to the members of the Board of Directors for the year ended on December 31, 2022.