AlSagr shareholders say ‘no’ fifteen times at AGM
RIYADH: Shareholders of Saudi Arabia's AlSagr Cooperative Insurance rejected three quarters of the items tabled at its annual general meeting last week.
Shareholders did not approve 15 of the 20 items for
discussion – including the company’s 2020 financial results, the insurer
revealed in a Tadawul filing.
Among the other proposals rejected was the appointment of
Baker Tilly and Alkharashi & Co. as external auditors to review the
company's financial results up to the first quarter of next year.
Investors also refused to endorse a number of contracts
involving firms with links to some of its existing and former board members.
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