29-03-2021
Gulf Takaful Insurance announced the results of the Ordinary General Assembly meeting, which was held on 28/03/2021, where the following was approved:
The report of the Board of Directors on the company's activities and its financial position for the fiscal year ending on 31/12/2020, and its future plan, were heard and discussed.
1. The report of the external account’s auditor on the company’s budget for the fiscal year ending on 31/12/2020 was approved.
2. The report of the Fatwa and Sharia Supervisory Board on the financial year ending 31/12/2020 was heard.
3. The balance sheet and profit and loss account for the fiscal year ending on 31/12/2020 were approved, and a cash distribution of 5% of the company's capital was approved to the shareholders.
4. The settlement offer for the returned post-dated checks in the company’s possession of the investment files submitted by the former CEO was heard and approved.
5. The members of the Board of Directors were absolved of responsibility for the financial year ending 31/12/2020 and their proposed remuneration approved.
6. The Corporate Governance Report for the year 2020 was approved.
7. The external accounts controller, Messrs. KPMG, has been appointed for the fiscal year 2021.
8. The members of the Board of Directors were elected for the next three years 2021-2023.