Wataniya Insurance Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Wataniya is pleased to invite Wataniya’s Shareholders to attend the first ordinary meeting via electronic path through TADAWULATY Portal (Virtual Meeting), which will be held on Thursday 14th of Shawwal 1444H corresponding to 4th of May 2023G at (07:30 pm). The meeting will be held at the Company Head Office – Juffali Building – Madina Road – Jeddah through www.tadawulaty.com.sa, to discuss the following agenda: |
| City and Location of the General Assembly's Meeting | The Company Head Office – Jufflai Building – Madina Road – Jeddah |
| URL for the Meeting Location | http://tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-05-04 Corresponding to 1444-10-14 |
| Time of the General Assembly's Meeting | 19:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The meeting quorum will be at 25% (virtual attendance – voting) and in the event of failing to achieve the required quorum, the AGM will convene within 1 hour from the first meeting, and the quorum will be whichever is the presented shareholders in the meeting. |
| General Assembly Meeting Agenda | 1-View the Board of Directors Report for the Financial year ended 31 December 2022 and discuss it.
2- Voting on the External Auditors Report for the Financial Year ended 31 December 2022. (Enclosed) 3- View the Annual Financial Statement as of 31 December 2022 and discuss it. 4- Voting on the appointment of External Auditors based on the Audit Committee’s recommendation, to audit the interim financial statement of Quarter2, Quarter3, Annual Financial Statement 2023, and the Quarter1, 2024. And to approve their Fees. 5- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The Head Office rent Contract. Transaction during 2022, amounted SR 3,466 thousand (including VAT), with No preferential conditions. (Enclosed). 6- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The renewal of IT Maintenance Services Agreement. Transaction during 2022, amounted SR 1,540 thousand (including VAT), with No preferential conditions. (Enclosed). 7- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The Renewal of Insurance contract Premiums. Transaction during 2022, amounted SR 792 thousand (including VAT), with no preferential conditions. (Enclosed) 8- Voting on the business transaction between SNIC Insurance Co, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies. The contract is renewal of Reinsurance Non-Obligatory treaty. Transaction during 2022, amounted SR 1,439 thousand (including VAT), with No preferential conditions. (Enclosed) 9- Voting on the business transaction between Saudi Cement Company, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi as a Director in both Companies. The contract is Insurance Premiums. Transaction during 2022, amounted SR 4,055 thousand (including VAT), with No preferential conditions. (Enclosed) 10- Voting on the business transaction between Naghi Group of Companies, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Tahir Aldabbagh as a Director in both Companies. The contract is Insurance Premiums. Transaction during 2022, amounted SR 3,772 thousand (including VAT), with no preferential conditions. (Enclosed) 11- Approval of the Board of Directors appointment of Mr. Omar Mohammed Hashim as Independent Director starting 19/03/2023 until the end of the current Board Tenure on 25/04/2025 as a successor for Mr. Hatem Barajash (Independent Board Member). (Resume Attached). 12- Voting on amending Wataniya’s Corporate Governance Policy. (Enclosed) 13- Voting on the payment of the Board of Directors Fees for the Financial Year end 31 December 2022 amounted SR. 2,243,853 (Two Million, and two hundred and forty-Three Thousand, and eight hundred fifty-three). |
| Proxy Form |  |
| E-Vote | All registered shareholders in (EDAA) can vote electronically through (TADAWULATY) as of 01:00 am Monday 11th of Shawwal 1444H corresponding to 1st of May 2023, till the end of the meeting. Furthermore, the registration on TADAWULATY will be available to all shareholders free of Charges on the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | in case of any clarification in this regard, please contact the Company’s Shareholders relations department on: [email protected] Mobile 0556166122
Or mail us on (Board Secretary – Wataniya Insurance Company – PO Box 5832 – Jeddah 21432. |
| Additional Information | Voting will be available till the completion of the vote counting by the counting committee at the end of the meeting. |
| Attached Documents | |
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