Gulf Union Al Ahlia Cooperative Insurance Co. invites its Shareholders to attend the Extraordinary General Assembly Meeting which includes the increase of the company's Share capital (First Meeting) In Presence and Through Modern Technology
| Element List | Explanation |
|---|---|
| Introduction | Board of Directors of Gulf Union Al Ahlia Cooperative Insurance Company (“Gulf Union Al Ahlia” or the “Company”) is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting which includes the increase of the company's share capital (First Meeting), In Presence at Mövenpick Hotel Al Khobar, Al Massa Hall 2, and through modern technology using Tadawulaty Platform, On Wednesday 30/08/2023 G corresponding to 14/02/1445 H at 06:30 PM |
| City and Location of the Extraordinary General Assembly's Meeting | In presence at Mövenpick Hotel Al Khobar, Al Massa Hall 2
https://goo.gl/maps/v8V4m2MHmvYD2Rd49 And through modern technology, Using Tadawulaty Platform for electronic voting. |
| URL for the Meeting Location | https://goo.gl/maps/v8V4m2MHmvYD2Rd49 |
| Date of the Extraordinary General Assembly's Meeting | 2023-08-30 Corresponding to 1445-02-14 |
| Time of the Extraordinary General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Company’s Shareholders Registry in the Depository Center at the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations has the right to attend the general assembly meeting.
Shareholders are also entitled to discuss the topics on the agenda of the General Assembly and ask questions. |
| Quorum for Convening the General Assembly's Meeting | According to Article (33) of the Company's bylaw, the Extraordinary General Assembly meeting will be valid if attended by shareholders representing at least a Half of the capital, and if the required quorum for holding this meeting is not met, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid if it is attended by shareholders representing at least a Quarter of the capital |
| Meeting Agenda | Attached |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | All shareholders registered in Tadawulaty will be able to remotely vote on the items of the Extraordinary General Assembly Meeting starting at 01:00 AM on Sunday, 11 Safar 1445 H corresponding to 27 August 2023, and until the end of the General assembly meeting.
The company urges the shareholders to register on Tadawulaty service, knowing that registration and voting are provided free of charge for all shareholders through the following link: (www.tadawulaty.com.sa)
Shareholders are also entitled to discuss the topics on the agenda of the General Assembly and ask questions. |
| Eligibility for Attendance Registration and Voting | Eligibility for Attendance Registering of the General Assembly’s Meeting Ends upon the Convening of the General Assembly’s Meeting.
Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
According to Article 3 (n) of the Merger and Acquisition Regulations, a shareholder who holds shares in both Gulf Union Al Ahlia Cooperative Insurance company and AlSagr Cooperative Insurance Company is not entitled to vote on resolutions relating to the Merger except in the EGM of one of the companies, and in the event a shareholder votes in both EGM, then his vote will only be counted in one of them. |
| Method of Communication | In case of any inquiry please contact the Investor Relations Department and Board Secretary using the following email
Free number 8003040077 Tel no. 0138358400 |
| Additional Information | Voting by Using Proxy:
The Extraordinary General Assembly will be conducted in Presence and through modern technology means. The shareholder has the right to delegate another person to attend on his behalf by virtue of a written Proxy, provided that the representative is not a member of the board of directors or an employee of the company, and provided that to be attested from: the Chambers of Commerce when the shareholder is affiliated with one of them, or if the shareholder is a company or legal institution, or from a bank of the agent or authorized persons in the Kingdom, provided that the shareholder has an account with the bank or the authorized person who performs attestation, notaries, or persons authorized to do notarial work. The shareholder or his agent must provide the company with a copy of the Proxy at least two days before the date of the General Assembly Meeting, and send it to the email address ([email protected]), and the agent must present the original Proxy before the General Assembly, and all shareholders / agent must bring ID.
The company urges the shareholders to register on Tadawulaty service, knowing that registration and voting are provided free of charge for all shareholders through the following link: (www.tadawulaty.com.sa) |
| Attached Documents | |
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