The Arab Islamic Takaful Insurance Company held its extraordinary general assembly on Sunday, December 22, 2024, and approved amendments and additions to certain provisions of its Articles of Incorporation and association. 

Among the amendments was a change to Article (27), which now states: 

- The company shall be managed by a Board of Directors consisting of five members, with at least two independent members, and their number shall not exceed half of the Board's total membership. 
- The term of membership is three years and is renewable.
- If a new Board of Directors cannot be elected within the specified timeframe, the existing Board shall continue to manage the company's affairs until the reasons for the delay are resolved and a new Board is elected.
The assembly also approved the addition of Article (77), which states: 
- The relevant regulatory authorities shall establish governance rules for the companies under their supervision to achieve the best protection and balance between the interests of the company's management, its shareholders, and other stakeholders. 
- It shall specify the conditions that must be met by Board members, including one or more independent members with the requisite experience and competence, chosen by the ordinary general assembly, and their compensation shall be determined in accordance with governance rules.
- The number of independent members shall not exceed half of the Board's members, and it is not a requirement for independent members to be among the company's shareholders.