Mutakamela GA Approves Business and Contracts with Related Parties

Mutakamela Insurance Co. announced on Tuesday the results of its Ordinary General Assembly Meeting (First Meeting), which included approval of the business and contracts concluded for the fiscal year ending December 31, 2024, between Mutakamela Insurance Co. and Banque Saudi Fransi (BSF) and its subsidiaries, in which Board Member Bader Alsalloom, a non-executive member, has an indirect interest. The contracts cover the management of an asset portfolio, according to the company’s approved 2024 documents, amounting to SAR 484,074,594