Approval of the “General Gulf” to obtain a shareholder loan of 50 million riyals
The General Cooperative Insurance Company obtained the approval of the Insurance Authority yesterday, to calculate the shareholder loan concluded with the founding shareholders, to calculate the company’s financial solvency margin. "Saudi Arabia trading"These corrective measures taken by the company’s board of directors and its founding shareholders will contribute to enhancing the financial solvency margin of the required limit. Each of the two companies is members of the Board of Directors of the General Gulf Company for Cooperative Insurance, the following are their characteristic: Jamal bin Abdullah Al -Dabbagh (non -executive member) – Commercial Company for Marketing Services and Limited Agencies, and Saud bin Abdulaziz Al -Sulaiman (non -executive member) – Saudi General Company for Commercial Investments and Services.
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