Malath Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Malath Cooperative Insurance Company is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting) scheduled to be held at 07:00 PM on Monday, 06/05/2024G corresponding 27/10/1445H, through virtual. |
| City and Location of the General Assembly's Meeting | Riyadh, Through modern technology means
from The Company's headquarters. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-06 Corresponding to 1445-10-27 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Every shareholder has the right to participate and that is for the shareholders registered in the company's shareholders register at the Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | Holding of an Ordinary General Assembly shall not be valid unless attended by shareholders representing at least quarter of the company capital. If the quorum required for holding the meeting of the Ordinary General Assembly is not available, the second meeting may be held after an hour from the expiration of the period specified for holding the first meeting, and the second meeting will be valid whatever the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. To review and discuss the Board of Directors’ Report for the fiscal year ended on 31/12/2023G.
(Attached)
2. To review and discuss the financial statements for the fiscal year ended on 31/12/2023G. (Attached)
3. To vote on the Company’s external auditor’s report for the fiscal year ended on 31/12/2023G after discussing it. (Attached)
4. To vote on the Company’s external auditor’s report for the fiscal year ended on 31/12/2022G after discussing it. (Attached)
5. Voting on the appointment of the External Auditors for the Company’s from the nominees, and determine their fees based on the Audit Committee recommendation, to review and audit the Company’s Interim Financial Statements for the second, third, fourth quarters and Annual of the fiscal year 2024. and first quarter of fiscal year 2025, along with determining their fees (Attached)
6. Voting on paying an amount of (3,025,000) SR as remuneration to the Board members for the Fascial year ended on 31/12/2023.
7. Voting on amendment audit committee charter (Attached) 8. Voting on amendment Remuneration and Nomination committee charter. (Attached)
9. Voting on amendment for Remuneration policy for Board, Committees and Executive. (Attached)
10. To vote on authorizing the Board of Directors the power of license included in paragraph (1) of Article (27) of the Companies Law, for one year from the date of approval of the General Assembly or until the end of the Board of directors’ term whichever is proceeds, in accordance with the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions. Shareholders registered on the Tadawulaty electronic services website can vote remotely on the items of the ordinary general assembly meeting through the (electronic voting) |
| Details of the electronic voting on the Assembly’s agenda | Shareholders may vote electronically on the General Assembly Meeting’s agenda through Tadawulaty.
Electronic voting will start at (01:00) AM On Friday 24-10-1445 corresponding to (03-05-2024), and will continue until the end of the Assembly meeting, Voting and registration in the Tadawulaty system are provided free of charge to all shareholders. by using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For more information, please contact the Shareholders Relations Department by:
phone number: 0114168222 Ext: 1054 Or via email to Shareholders Relations Department Email: investor.relation@malath.com.sa |
| Additional Information | nothing |
| Attached Documents | |
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