Al Sagr Insurance disapproves disbursing SAR 3.33 million bonus to BOD members for 2022

Al Sagr Cooperative Insurance Company announced the results of the Ordinary General Assembly meeting (the first meeting), which was held on Wednesday, which included the disapproval of disbursing SAR 3.33 million bonus to the members of the Board of Directors for the fiscal year ending on December 31, 2022.
The rest of the voting results are as follows:
Disapproval on business and contracts concluded between the company and Al-Saqr National Insurance Company (Dubai) in which the members of the Board of Directors Mr. Abdullah bin Juma Al-Sari, Mr. Majid bin Abdullah Al-Sari, Mr. Abdul Mohsen bin Nafez Jaber and Mr. Sultan bin Abdulaziz Al-Suwaidi have an indirect interest in it, which is a phrase for reinsurers’ share of paid claims, insurance for a period of one year, for SAR 243,036 for the year 2022. This agreement does not have any preferential terms.
Disapproval on business and contracts concluded between the company and Al-Saqr National Insurance Company (Dubai) in which the members of the Board of Directors Mr. Abdullah bin Juma Al-Sari, Mr. Majid bin Abdullah Al-Sari, Mr. Abdul Mohsen bin Nafez Jaber and Mr. Sultan bin Abdulaziz Al-Suwaidi have an indirect interest in it, which is a phrase for other administrative expenses for a year, for SAR 9,005 for the year 2022, and this agreement does not have any preferential terms
Approval on the business and contracts concluded between the company and the Abdul Rahman Ali Al-Turki group of companies, in which the former board member, Mr. Fahd bin Abdulrahman Al-Turki, has an indirect interest. These are insurance premiums for a year for SAR 997,402 for the year 2022. This agreement does not have any preferential conditions.