Buruj Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Buruj Cooperative Insurance Company announces the results of the Ordinary General Assembly meeting (first meeting), which was held at 19:00 on Wednesday 09/03/1444 corresponding to 05/10/2022 |
| City and Location of the General Assembly's Meeting | Company Headquarters, Riyadh, Saudi - via modern technology means |
| Date of the General Assembly's Meeting | 2022-10-05 Corresponding to 1444-03-09 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 56% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following members of the Board of Directors:
1. Mr. Yasser Youssef Naghi ( chairman) 2. Mr. Ahmed Mohammed Hamed Al-Marzouqi ( vice chairman) 3. Mr. Adel Abdullah Al-Summon (Board member) 4. Mr. Zine El Abidine Bin Abdullah Berri (Board member) 5. Mr. Ziad Bassam Al-Bassam (Board member) 6. Mr. Bader Mohammed H Aleisa (Board member). Absentees: 1-. Mr. Sultan Fahad Al-Rshed (Board member). |
| 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. Yasser Yousef Naghi (Chairman of the Executive Committee and Chairman of investment committee)
2- Mr. Ahmed Mohammed Hamed Al Marzouqi (Chairman of the Nominations and Remunerations Committee). 3- Mr. Zine El Abidine Abdullah Berri Chairman of the Risk Committee and Governance Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval on the formation of the Audit Committee and to define its tasks, rules of work and remuneration of its members starting from the date of the assembly’s convening 05/10/2022 until the end of the term on 08/03/2025:
1. Bader M Aleisa. 2. Mishaal A Al Sulaiman. 3. Mohammed A Jaber.
2. Approval on amending Corporate Governance Manual. 3. Approval on amending Board Charter. 4. Approval on amending Policy and Procedures for Nomination and Membership in the Board of Directors. 5. Approval on amending Audit Committee charter. 6. Approval on amending Nomination and Remuneration Committee charter. 7. Approval on amending Risk Management Committee Charter. 8. Approval on amending Remuneration policy. |
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