Gulf Union Insurance and Reinsurance Company held its annual general assembly meeting for the fiscal year ending 2024 yesterday at its headquarters after achieving the legal quorum, with 69.95 per cent of shareholders present.
The meeting was chaired by the chairman of the board Abdulaziz Al Turki, who welcomed all shareholders and expressed his appreciation for their support to the board of directors.
During the meeting, the board’s report on the company’s activities for the fiscal year ending December 31, 2024, as well as the external auditors’ report for the same period, were discussed.
The auditors’ report highlighted positive growth compared to previous years. The company’s operations and activities during the fiscal year were also reviewed.
In accordance with Article (19) of the company’s Articles of Association, five board members were elected for the next three years.
Since only five candidates applied for the board membership, they were unanimously elected by acclamation: Abdulaziz Ali Al Turki, Munir Al Borno, Mowafaq Reda, Abdulhameed Al Amadi and Mishal Al Shaye.
During the meeting, Mr Al Turki expressed his gratitude to His Majesty King Hamad and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. He also thanked the Central Bank of Bahrain and the Industry and Commerce Ministry for their guidance and support.
He emphasised that the gathering reflected the shareholders’ commitment and confidence in the company’s management and its ability to achieve success.
The meeting concluded with Gulf Union Insurance and Reinsurance reiterating its commitment to providing high-quality and transparent services to its customers while continuously pursuing development and innovation in the insurance industry.
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