Addendum Announcement from Arabian Shield Cooperative Insurance Co. in regards to the results of the Ordinary General Assembly Meeting (the first meeting)
| Element List | Explanation |
|---|---|
| Introduction | Further to the company's announcement published on Tadawul website on 18/12/1445 corresponding to 24/06/2024 related to the results of the Ordinary General Assembly Meeting (First Meeting) |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-06-24 Corresponding to 1445-12-18 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | In reference to the clause related to the approval of the appointment of the company's auditors from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of 2025 and determine their fees. Therefore, we would like to clarify to the shareholders that the value of the fees for the company's auditors is as follows:
1- Dr. Mohammed Al-Omari & Partners Office (BDO) with a value of (718,750) SAR 2- Al-Kharashi & Partners Company with a value of (575.000) riyals We would also like to remind shareholders that the auditors' fees have been clarified in the recommendation of the audit committee attached to the invitation to the meeting |
| Financial Impact on the change | Not Applicable |
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