United Cooperative Assurance Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the United Cooperative Insurance Company is pleased to announce the results of the Extraordinary General Assembly meeting, which was held at eight o'clock in the evening on Wednesday 29 Jumada Al-Awwal 1442 AH (according to the Umm Al-Qura calendar), corresponding to January 13, 2021 AD after the completion of the quorum for the validity of the assembly meeting according to the company's bylaw. |
| City and Location of the General Assembly's Meeting | The assembly was held remotely through modern technology means as part of the support of preventive and precautionary efforts and measures by the relevant and competent authorities to address the emerging corona virus (Covid-19), and as an extension of the continuous efforts made by government agencies in the Kingdom of Saudi Arabia in taking preventive measures |
| Date of the General Assembly's Meeting | 2021-01-13 Corresponding to 1442-05-29 |
| Time of the General Assembly's Meeting | 20:00 |
| Percentage of Attending Shareholders | 33.88884% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Khalid hussein ali reza
2. Mr. Khalid bin ahmed bin abdulaziz al hamdan
3. Mr. Jacques sacy
4. Mr. Karim Hamade
5. Mr. Bahaa aldeen omer bahaa aldeen khashogji
6. Mr. Faysal badran
7. Mr.. Khalid bakor alem |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Khalid hussein ali reza - chairman of executive committee and chairman of investment committee.
2. Mr. Khalid bin ahmed bin abdulaziz al hamdan - chiarman of audit committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Clause 1: Approval of Endorse the board activities for the period from 13 December 2020 until the date of the extraordinary general assembly on 13 January 20.
Clause2: Approval of the election of members of the Board of Directors among the candidates for the next session, which starts from the date of the extraordinary general assembly on 01-13-2021 AD and has a duration of three years, ending on 01-12-2024 AD and they are:
A- Khalid hussein ali reza
B- Khalid bin ahmed bin abdulaziz al hamdan
C- Muhammad al yahya.
D- Mansour al sagheer.
E- Bahaa aldeen omer bahaa aldeen khashogji.
F- Faisal badran.
G- Khaled bakor alem.
Clause 3: Approval of amending Article No. (1) of the company’s articles of association related to incorporation.
Clause 4: Approval of amending Article No. (3) of the company's articles of association related to the company's objectives.
Clause 5: Approval of amending Article No. (4) of the Company’s Articles of Association related to participation and ownership in companies.
Clause 6: Approval of amending Article No. (12) of the Company’s Articles of Association related to stock trading.
Clause 7: Approval of amending Article No. (13) of the Company’s Articles of Association related to the capital increase.
Clause 8: Approval of the amendment of Article No. (14) of the company’s articles of association related to the capital reduction.
Clause 9: Approval of the amendment of Article No. (15) of the company’s bylaws relating to the management of the company.
Clause 10: Approval of amending Article No. (16) of the Company’s Articles of Association related to the expiration of the Board’s membership.
Clause 11: Approval to amend Article No. (17) of the Company’s Articles of Association relating to the vacant position in the Board.
Clause 12: Approval of amending Article No. (18) of the Company’s Articles of Association related to the Board’s validity.
Clause 13: Approval of the amendment of Article No. (19) of the Company’s Articles of Association relating to remuneration for board members and the remuneration for the chairman and managing director.
Clause 14: Approval of amending Article No. (20) of the Company’s Articles of Association related to the powers of the Chairman of the Board of Directors, the term of his membership, the membership of the Deputy, the Managing Director and the Secretary.
Clause 15: Approving the amendment of Article No. (22) of the Company’s Articles of Association related to the quorum for the Board meeting.
Clause 16: Approval of amending Article No. (24) of the Company’s Articles of Association relating to agreements and contracts.
Article 17: Approval of the amendment of Article No. (25) of the company’s bylaws relating to assembly attendance.
Article 18: Approval of the amendment of Article No. (26) of the company’s bylaws relating to the constituent assembly.
Clause 19: Approval of amending Article No. (27) of the Company’s Articles of Association relating to the competencies of the Constituent Assembly.
Clause 20: Approval of the amendment of Article No. (30) of the company’s bylaws relating to assemblies invitation.
Clause 21: Approval of the amendment of Article No. (32) of the Company’s Articles of Association relating to the quorum for the Ordinary General Assembly meeting.
Clause 22: Approval of the amendment of Article No. (33) of the company’s bylaws relating to the quorum for the extraordinary general assembly meeting.
Clause 23: Approving the amendment of Article No. (39) of the Company’s Articles of Association relating to the appointment of the auditor.
Clause 24: Approval of amending Article No. (41) of the Company's Articles of Association relating to the obligations of the auditor.
Clause 25: Approval of the amendment of Article No. (43) of the company's bylaws relating to financial documents.
Clause 26: Approval of amending Article No. (45) of the Company’s Articles of Association relating to zakat and reserves.
Clause 27: Approval of amending Article No. (49) of the Company’s Articles of Association relating to the responsibility of members of the Board of Directors.
Clause 28: Approving the amendment of Article No. (50) of the company’s bylaws relating to the company's termination. |
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