| Introduction |
Al-Ahlia for Cooperative Insurance announces that Extraordinary General Assembly meeting was not convened due to lack of quorum, where (19.47%) of shareholders were present at the first meeting and (24.51%) of shareholders were present at the second meeting, which was scheduled on 21/05/1440H (corresponding to 27/01/2019G) held at the Marriott Hotel – Riyadh – Makarem ballrooms – Al Wazarat District – King Saud Road – Kingdom of Saudi Arabia. Based on that the assembly shall be postponed and the third meeting shall be determined and announced at a later date after obtaining the regulatory approvals. |
| Date of not held General Meeting |
2019-01-27 Corresponding to 1440-05-21 |
| City and Location of the General Meeting |
Marriott Hotel – Riyadh – Makarem ballrooms – Al Wizarat District – King Saud Road – Kingdom of Saudi Arabia |
| Time of the General Meeting |
20:30 |
| Reasons for not holding the General Meeting |
Due to the lack of quorum |
| Percentage of Attending Shareholders |
24.51 % |
| Impact of not holding the General Meeting on the board’s resolution on equity/profit |
Nill |
| Impact of not holding the General Meeting on the board’s resolution on capital change |
Nill |
| Additional Information |
The company will invite its shareholders to attend the Extraordinary General Assembly meeting (Third Meeting) later after its date has been determined and after obtaining the regulatory approvals noting that the Extraordinary General Assembly meeting (Third Meeting) shall be quorate if attended by any number of shareholders. |
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