Gulf Union Al Ahlia GA approves business & contracts concluded with related parties

Gulf Union Al Ahlia Cooperative Insurance Co. announces the results of the Ordinary General Assembly meeting (first meeting) held on Wednesday

The results included Approval on the business and contracts that were entered into between the company and Rawabi Holding Group, in which the Chairman of the Board of Directors – Mr. Abdulaziz Ali Al-Turki has a direct interest in (where he holds the position of Chairman of the Board of Directors), noting that the transactions that took place during the fiscal year 2022 are (insurance policies for one year with a value of SAR 1.39million), there are no preferential terms in these deals and contracts.