Arabia Insurance Cooperative Company (AICC) invites its shareholders to attend the Ordinary General Assembly meeting (First Meeting) by Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | Arabia Insurance Cooperative company (AICC) Board of Directors is honored to invite its shareholders to attend the Ordinary General Assembly's meeting of AICC, which will be conducted virtually via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | AICC Head Office, Riyadh, Al wurud District, King Abdulaziz Road, by Means of Modern Technology. |
| URL for the Meeting Location | http://tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-05-15 Corresponding to 1444-10-25 |
| Time of the General Assembly's Meeting | 20:00 |
| 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. Each shareholders have the right to discuss the topics on the agenda of the assembly and direct their inquiries. |
| Quorum for Convening the General Assembly's Meeting | In order for this assembly to be valid, a number of shareholders representing 25% of the capital is required. If this quorum is not available at the first meeting, a second meeting will be held one hour after the end of the first meeting period. The second meeting shall be valid irrespective of the number of shares represented therein |
| General Assembly Meeting Agenda | 1. Review and discuss the Company’s financial statements for the fiscal year ending on 31/12/2022.
2. Voting on the Company’s external auditor report for the fiscal year ending on 31/12/2022 after discussing it. 3. Review and discuss the Board of Directors Report for the fiscal year ending on 31/12/2022. 4. Voting on releasing the Board of Directors Members from their liability for the fiscal year ending on 31/12/2022. 5. Voting on amendment of the company’s Corporate Governance regulation. (Attached) 6. Voting on amendment of the company’s Audit committee regulation. (Attached) 7. Voting on delegating the Ordinary General Assembly’s authorisation powers stipulated in paragraph (1) of Article (27) of the Companies Law to the Board of Directors for a period of one year effective from the date of approval of the Ordinary General Assembly or until the end of the term of the delegated Board, whichever is earlier, pursuant to the terms mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. |
| Proxy Form |  |
| E-Vote | All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start Friday at 01:00AM on 12/05/2023 and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via:
http://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 | Tel No: 0112153360 or Email: [email protected] |
| Attached Documents | |
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