Al Sagr Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Sagr Cooperative Insurance Company (the “Company”) is pleased to announce the results of the Ordinary General Assembly meeting (the “First Meeting”) that was held at 7:00 in the evening of Wednesday on 08/05/1445H (corresponding to 22/11/2023G), after achieving the legal quorum for the convening of the General Assembly meeting according to the Company’s Bylaws. |
| City and Location of the General Assembly's Meeting | The Meeting was held remotely through modern technology and using the Tadawulaty platform. |
| Date of the General Assembly's Meeting | 2023-11-22 Corresponding to 1445-05-08 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 34.5% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting of the General Assembly was attended by the following members of the Board of Directors via means of modern technology:
1. Mr. Abdul Mohsen bin Nafez bin Jaber - Vice Chairman of the Board of Directors. 2. Mr. Sultan bin Abdulaziz Al-Suwaidi - Member of the Board of Directors and Chairman of the Nominations and Remunerations Committee. 3. Dr. Yasser Mohammed Al-Harbi - Member of the Board of Directors and Acting CEO 4. Mr. Abdullah Suleiman Al Hindi - Member of the Board of Directors and Chairman of the Risk Committee. 5. Eng. Saud Saleh Al-Arifi - Member of the Board of Directors 6. Mr. Fahad Talal Kurdi - Member of the Board of Directors and Chairman of the Investment Committee. The following members of the Board of Directors were absent from attending the General Assembly meeting: 1. Mr. Abdullah bin Juma Al-Sari - Member of the Board of Directors. 2. Dr. Muhammad Abdul Rahman Al-Jibreen - Member of the Board of Directors and Chairman of the Audit Committee 3. Mr. Majid bin Abdullah Al-Sari - Chairman of the Board of Directors and Chairman of the Executive Committee. |
| 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. Sultan bin Abdulaziz Al-Suwaidi - Member of the Board of Directors and Chairman of the Nominations and Remunerations Committee.
2. Mr. Abdullah Suleiman Al Hindi - Member of the Board of Directors and Chairman of the Risk Committee. 3. Mr. Fahad Talal Kurdi - Member of the Board of Directors and Chairman of the Investment Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Item 1: Approval on the election of the members of the Board of Directors from the nominated names for the next session, which starts from the date of the Ordinary General Assembly meeting on 23/11/2023 AD, and its duration is three years, ending on 22/11/2026 AD, and their names as follows:
1) Abdel Muhsen Jaber 2) Sultan Abdulaziz Alsuwaidi 3) Abdullah Suleiman Al Hindi 4) Mohammed Abdulaziz Alnuaim 5) Sami Ahmed Albabtain 6) Naif Alarfaj 7) Yasser Mohammed Alharbi 8) Saud bin Saleh Al-Arifi 9) Ahmed Albaqshi |
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