Tawuniya GA Approves on Business Made with Related Parties

Tawuniya Board of Directors announced on Thursday the results of the extraordinary General Meeting (first meeting) through modern technology. The percentage of attending shareholders is 53.26%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

– Approval of the business relationship between the Company and Public pension agency which Board member Mr. Jasser Aljasser has an indirect interest. The business related to insurance policies. Note that transactions up to the end of the fourth quarter of 2021 amounted to SR24,392,252 without any preferential treatment.

– Approval of the business relationship between the Company and Tawuniya Real Estate Investment Company which Board members Mr. Ghassan Almalki and Mr. Jasser Aljasser have an indirect interest. The business related to insurance policies. Note that transactions up to the end of the fourth quarter of 2021 amounted to SR99,367 without any preferential treatment.