MEDGULF GA Approves Auditor Appointment

The Board of Directors of the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) announced on Tuesday that the Extraordinary General Assembly (Second Meeting) approved the appointment of the Company’s auditor.

The Meeting also approved discharging the Board of Directors from liability and awarding Board Members a bonus of SAR 1.6 million for 2024. The approval also included the business and contracts concluded between the Company and Waseel Co. and Abunayyan Trading Company.