Election of new board directors and dividends distribution
• Election of a new Board of Directors by consensus for the 3 coming financial years, starting 19/5/2012, as follows:
- Sheikh Khaldoun Barakat
- Libya Insurance Company
- L'Union Nationale
- Gulf Insurance Company
- Misr Insurance Company
- Tunis Reinsurance Company
- Saudi For Trading Establishment
- Compagnie Centrale de Rèassurance – Algeria
- Iraq Reinsurance Company
Sheikh Khaldoun Barakat was elected as President of the Board of Directors, Mr. Tannous Feghali as Vice-President, and Mr. Salim Kojok as Secretary to the Board.
• Nomination of an internal audit committee for the financial period (2012-2015) composed of:
1. Sheikh Khaldoun Barakat President
2. Mr. Tannous Feghali Member
3. Mr. Khaled El Hassan Member
• Distribution of 5% of the paid-up capital as dividends to the company's shareholders as at 31/12/2011.
• Appointment of the independent auditor PricewaterhouseCoopers to audit the company's accounts for year 2012.