United Cooperative Assurance Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting by means of modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the United Cooperative Assurance is pleased to invite the shareholders to attend the first ordinary general assembly (first meeting) It is scheduled at 07:30 PM on Thursday 29 Dhul Qi'dah1443 AH corresponding to 28 June 2022 AD, which will be held on-line via modern technology using Tadawolaty system. |
| City and Location of the General Assembly's Meeting | The Company's Head office in Jeddah, Al-Khalidiya District, Prince Saud Al-Faisal Street. |
| URL for the Meeting Location | http://app.jameeah.com/meetings/ |
| Date of the General Assembly's Meeting | 2022-06-28 Corresponding to 1443-11-29 |
| 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 | As per Article (32) of the company Articles of Association, The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 25% of the Company’s Capital. In case of non-completion of the Quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be deemed quorate regardless of the number of the Shareholders represented therein. |
| General Assembly Meeting Agenda | 1. Vote on the Board of Directors’ report for the financial year ending on 31 December 2021.
2. Vote on the report of the Company’s auditor for the financial year ending on 31 December 2021. 3. Vote on the annual financial statements for the fiscal year ending on 31 December 2021. 4. Vote on the business and contracts that will take place between the company and the Haj Hussein Ali Reda group of companies, in which the board member, Mr. Khaled Hussein Ali Reda has an indirect interest, knowing that the nature of the transactions is insurance contracts and the duration of these contracts for multiple periods, and that the value of transactions the ones that took place in the year 2021 AD are 5,732,000 riyals. ( attached ) 5. Vote on the board members appointment of Mr. Khalid AlQazlan as an independent board member starting from 17 November 2021 to continue the current cycle which will end on 12 January 2024, Succeeding the former member Mr. Khaled Alem. ( attached CV ) 6. Vote on discharging the board members from liability for the financial year ending on 31 December 2021. 7. Vote on the payment of the amount of (1,800,127.03 ) as a reward for the board members for the financial year ended 31 December 2021. 8. Vote on the amendment of the Company’s Corporate Governance Charter. ( attached ) 9. Vote on the Conflict-of-Interest Policy. ( attached ) 10. Vote on the Remuneration and Compensation Policy related to board members and the executive management . ( attached ) 11. Vote on the Authority Matrix. ( attached ) 12. Vote on the amendment of Audit Committee Charter. ( attached ) 13. Vote on the Nomination and Remuneration Committee Charter. ( attached ) 14. Vote on the appointment of the Company’s auditor from among the candidates, based on the Audit Committee’s recommendation, to examine, review and audit the financial statements for Q2, Q3 and annual financial statements for the year 2022. As well as Q1 of the year 2023 and determining their fees. |
| Proxy Form |  |
| E-Vote | The valued shareholders registered on Tadawulaty Services website will be able to vote remotely on the items on the assembly’s agenda starting from 10 am in the morning on Friday 25 Dhul Qi’dah 1443 AH corresponding to 24 June 2022 AD until the end of the time of the assembly. Note that registration and voting on Tadawulaty services is free of charge for all shareholders using the following link: https://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 | For any inquiries, please contact the following phone: 0126068633 Ext. 2666 or via e-mail: [email protected] |
| Attached Documents | |
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