“Allianz SF” GA approves works and contracts concluded with related parties

The Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company announced the results of the Ordinary General Assembly Meeting (first meeting).

The results of the vote included approval of the business and contracts concluded with Banque Saudi Fransi, as Badr Al-Salloum is a member of the Board of Directors of Allianz Saudi Fransi and a representative of Banque Saudi Fransi, and he has an indirect interest in it, which is the management of the asset portfolio, without preferential conditions, noting that The total amount of these works in 2023 amounted to 502,706,804 riyals.