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Lifa Assembly approves no profit distribution
The General Assembly of Liva Insurance Company approved the financial statements for 2025 and confirmed that no cash dividends will be distributed to shareholders. Approval was also given for the appointment of accounting firms and the signing of contracts with related parties, including insurance policies and investment deposits totaling 91.45 million riyals, reinsurance agreements for the use rights of the trademark valued at 9.9 million riyals, as well as continued contracts with the call center management company. Additionally, bonuses of 1.37 million riyals were approved for board members, and the membership of non-executive members was completed.
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