Al Sagr Cooperative Insurance Co. announces the recommendation of its Board of Directors to the company's General Assembly to vote on filing a liability lawsuit against two Board of Directors | premargin

Al Sagr Cooperative Insurance Co. announces the recommendation of its Board of Directors to the company's General Assembly to vote on filing a liability lawsuit against two Board of Directors

TadawulNovember 16, 2025View on exchange

Element List	Explanation
Announcement Detail	Al-Saqr Cooperative Insurance Company announces that its Board of Directors, by a resolution passed by circulation on Tuesday 20/05/1447H (11/11/2025G), has approved submitting a recommendation to the General Assembly to vote on filing a liability lawsuit against Mr. Saud Saleh Al-Areefi, former Chairman, and Mr. Yasser Mohammed Al-Harbi, Ex. Board Member and Managing Director, for violating the approved authorities matrix through direct or indirect executive actions during their tenure, and requesting the General Assembly to authorize the Board to take all necessary legal and regulatory measures, while affirming the Company’s commitment to safeguarding shareholders’ rights, and will announce any further developments on this matter.

Element List

Explanation

Announcement Detail

Al-Saqr Cooperative Insurance Company announces that its Board of Directors, by a resolution passed by circulation on Tuesday 20/05/1447H (11/11/2025G), has approved submitting a recommendation to the General Assembly to vote on filing a liability lawsuit against Mr. Saud Saleh Al-Areefi, former Chairman, and Mr. Yasser Mohammed Al-Harbi, Ex. Board Member and Managing Director, for violating the approved authorities matrix through direct or indirect executive actions during their tenure, and requesting the General Assembly to authorize the Board to take all necessary legal and regulatory measures, while affirming the Company’s commitment to safeguarding shareholders’ rights, and will announce any further developments on this matter.