GIG generals agree to distribute profits for the year 2024
The Board of Directors of the Gulf Insurance Group announced "GIG"Today, the results of the regular general assembly meeting (the first meeting), which was held last Thursday.
The company said in a statement on Saudi Arabia’s circulation: The results of the vote on the association’s agenda included: approval of works and contracts between the company and related parties. Expenses are the first income of insurance contracts and for members of the Board of Directors Bayan Khusushhi, Paul Amson, Jian Clotier, and Ali India and Osama Kishek, an indirect interest in it, knowing that transactions for 2024 amounted to 6.249 million riyals. Transactions with relevant parties and for members of the Board of Directors, Bijan Khusraoshi, Paul Amson, Jian Kloter, Ali India, Osama Keshk, an indirect interest in it, knowing that transactions for 2024 amounted to 16.933 million riyals. Fair through profit or loss, and for members of the Board of Directors, Bijan Khusushhahi, Paul Amson, Jian Kloter, and Ali Dandal and Osama Kishek, an indirect interest in it, knowing that transactions for 2024 amounted to 3.621 million riyals. 31-12-2024, at 1.2 riyals per share, which represents 12% of the nominal value of the share, provided that the right to the shareholders of the shares at the end of the trading of the General Assembly and the registered in the company’s shareholders’ record at the Securities Depository Center Company (the deposit center) at the end of the second trading day following the entitlement of the entitlement, provided that the distribution of profits begin on Wednesday 25 June.
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