Not once, or twice, or even five times, AlSagr shareholders shouted no 15 times to reject three-quarters of the items tabled at its annual general meeting last week.
Shareholders did not approve 15 of the 20 items for discussion – including the company’s 2020 financial results, the insurer revealed in a Tadawul filing.
Among the other proposals rejected was the appointment of Baker Tilly and Alkharashi & Co. as external auditors to review the company’s financial results up to the first quarter of next year.
Investors also refused to endorse a number of contracts involving firms with links to some of its existing and former board members.