Al-Saqr Cooperative Insurance coverage Firm brand
The board of administrators of the corporate determined Al Saqr Cooperative Insurance coverage On November 11, 2025, he submitted a advice to the corporate’s Normal Meeting to vote on submitting a legal responsibility lawsuit towards every of the next: Saud Saleh Al-Arifi Member of the Board of Administrators (former Chairman of the Board of Administrators) and former Managing Director Yasser Mohammed Al-Harbi, former Member of the Board of Administrators.
The corporate mentioned in an announcement on Tadawul, at the moment, that the lawsuit pertains to exceeding the authorized listing of powers from direct or oblique govt authorities within the firm, throughout their interval of membership within the Board of Administrators and/or Government Administration.
She defined that the Board of Administrators will ask the Normal Meeting to authorize it to take the mandatory authorized measures on this regard.
The corporate confirmed that it’s going to not hesitate to take any motion to protect the rights of its shareholders and never prejudice the pursuits of shareholders, and that it utterly rejects any practices that violate the laws, indicating that it’s going to announce any subsequent developments on this regard.
