News & Announcements

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18 May, 2025 15:36

Addendum Announcement from Allied Cooperative Insurance Group in regarding the opening of nominations for membership of the Board of Directors.

Element List	Explanation
Introduction	Addendum Announcement from Allied Cooperative Insurance Group in regarding the opening of nominations for membership of the Board of Directors.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2025-01-23 Corresponding to 1446-07-23
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Following the announcement by Allied Cooperative Insurance Group on 23-07-1446 AH corresponding to 23-01-2025 AD, Allied Cooperative Insurance Group would like to clarify, based on the approval of the Extraordinary General Assembly on 05-03-2025 AD, According to the amendments to the article of association that the number of board members has become 7 instead of 10, and the term of the council has become 4 years instead of 3 years, thus the end date of the term is 17-05-2029.
Financial Impact on the change	NA
Additional Information	NA

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