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Malath Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

MALATH INSURANCE 8020 0.33% 18.24 0.06
Element List Explanation
City and Location of the General Assembly's Meeting Company head office in Riyadh via modern technology.
Date of the General Assembly's Meeting 2022-04-21 Corresponding to 1443-09-20
Time of the General Assembly's Meeting 23:00
Percentage of Attending Shareholders 20,76%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees All Board members attended the meeting:

1- Mr. Mamdouh Saud Alsharhan-(chairman).

2- Mr. Mohammed Ali Alammari (Vice chairman).

3- Mr. Fawaz Abdulrahman Alhijji

4- Mr.Amro Abdulrazaq Alnemari

5- Mr.Basim Abdullah Alsalloum

6- Mr.Bader Ali Al Ali

7- Mr.Amro Abdullah Bin Shalhoub.

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. Mmdouh Saud Alsharhan (Chairman of the Executive Committee).

2- Mr. Amro Abdulrazaq Alnimiri (Chairman of the Audit Committee)

3- Mr. Amro Abdullah Bin Shalhoub (Chairman of the Risk Committee).

4- Mr. Basim Abdullah Alsalloum (Chairman of the Nomination and Remuneration Committee)

5- Mr. Basim Abdullah Alsalloum (Chairman of the Investment Committee).

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval of the Board of Directors` report for the fiscal year ended on 31/12/2021.

2- Approval of the Auditors Report for the fiscal year ended on 31/12/2021.

3- Approval of the Financial Statements for the fiscal year ended on 31/12/2021.

4- Approval of the absolving the Board of Directors from their liabilities pertaining to the management of the company for the fiscal year ended 31/12/2021.

5- Disapproval on paying an amount of (1,400,000) SR as remuneration to the Board members for the Fascial year ended on 31/12/2021.

6- Approval 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 the Board of Directors in this regard, to review and audit the Company’s Interim Financial Statements for the second, third, fourth quarters and Annual of the fiscal year 2022. and first quarter of fiscal year 2023.

7- Approval of the election of the Board members from among the candidates for the next term, starting from the date of the General Assembly on 21/04/2022 meeting for a term of three years, ending on 05/04/2025 The following members were elected:

1. Fawaz Abdul Rahman Al-Hajji -Executive

2. Yasser Rashid Al-Rasheed – independent

3. Amr Abdullah bin Shalhoub – independent

4. Mamdouh Saud Al Sharhan – independent

5. Mohammed Ali Al-Amari Non-Executive

6. Abdul Hamid Abdulaziz Al-Ohali-independent

7. Bader Ali Al-Ali- Non-Executive

8. Amro Abdel-Razzaq Al-Nimri – independent

9. Muhammad Abdullah Al-Jumaa -Independent

8-Approval on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term of three years starting from the date of the General Assembly meeting on 21/04/2022 until the end of the term on 05/04/2025, The following are the names of the candidates:

-MR. Amro Abdolrazzq Alnemari.

-MR. Saleh Abdulrahman AlIsmail.

-MR. Saad Saud Altayyar.

-MR. Tariq Mohammed Alshoqiran.

9- Approval on the approval of the Board of Directors businesses during the end of the Board of Directors period on 05-04-2022 until the Assembly General Meeting on 21-04-2022

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