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Lifa Assembly approves no profit payout
The Board of Directors of Leva Insurance Company approved the 2025 financial reports, with a resolution not to distribute cash dividends to shareholders. Additionally, the General Assembly approved contracts with related parties, including insurance and deposit agreements valued at 91.45 million Riyals, reinsurance contracts, and trademark licensing rights amounting to 9.9 million Riyals, all in accordance with prevailing terms and without any preferential benefits. The appointment of financial audit firms and specialized traders to review the accounts for upcoming periods was also approved, along with the allocation of bonuses to the board members.
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