Amana Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Amana Cooperative Insurance Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meetings after an hour), which is scheduled to be held in person and through modern technological means, God Almighty willing, at 08:05 pm on Sunday 24/12/1445 AH. Corresponding to 30/06/2024 AD |
| City and Location of the General Assembly's Meeting | The company's main headquarters is in Riyadh, in addition to the meeting will be virtual via modern technological means for shareholders who wish to attend remotely. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:05 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (32) of the company’s bylaws, the ordinary general assembly meeting is valid if it is attended by shareholders representing at least 25% of the capital. If the quorum required to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. View the Board of Directors’ report for the financial year ending on 12/31/2023 AD and discussing it.
2. View the financial statements for the fiscal year ending on 12/31/2023 AD and discussing it. 3. Vote on the company’s auditors’ report for the financial year ending on 12/31/2023 AD after discussing it (attached). 4. Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 12/31/2023. 5. Vote on appointing the company’s auditors based on the recommendation of the Audit Committee. This is to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of 2025, and determine their fees. 6. Vote on disbursing an amount of (1,394,000) riyals as a bonus to members of the Board of Directors for the fiscal year ending on 12/31/2023 AD. 7. Vote on the business and contracts concluded between the company and Globe Med Saudi Arabia, in which the members of the Board of Directors, Mr. Naif bin Faisal Al-Sudairy and Mr. Abdul Rahman bin Abdullah Al-Sakran, have an indirect interest, which is a contract for managing the company’s medical claims without special conditions or benefits, note. The value of transactions for the previous year, 2023, is (6,165,000) Saudi riyals. 8. Vote on the business and contracts concluded between the company and the Al-Saif Group of Companies, in which the member of the Board of Directors, Mr. Naif bin Faisal Al-Sudairy, has an indirect interest. These are multiple annual insurance policies and paid claims without conditions or special benefits, noting that the value of transactions for the previous year 2023 is (1,037,000) SR. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions |
| Details of the electronic voting on the Assembly’s agenda | The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start on Wednesday 26/06/2024G at (01:00) AM, and the voting will end once the General Assembly ends. Please note that registration in Tadawulaty service and voting is provided free of charge. |
| Method of Communication in Case of Any Enquiries | Any questions or quires should be communicated to Inventors Relations Department by calling: +966 11 4757700 1410
Or by email [email protected] |
| Additional Information | Shareholders can attend via modern technology by:https://www.tadawulaty.com.sa
The shareholder has the right to appoint another person on his behalf to attend by virtue of a written power of attorney, provided that he is not a member of the board of directors or an employee of the company, and that it is authenticated by: Chambers of Commerce and Industry, if the shareholder is affiliated with one of them, or if the shareholder is a company or legal institution, or one of its licensed banks, or Licensed persons in the Kingdom, provided that the client has an account with the bank or the licensed person who performs authentication or notarial writing or the persons licensed to perform notarial work. The shareholder or his agent must provide the company with a copy of the power of attorney at least two days before the date of the assembly, and present the original power of attorney to the company on the day of the ordinary general assembly. Every shareholder wishing to attend the General Assembly (in person or by proxy) is requested to bring the original personal identification card and be present sufficiently before the meeting to complete the registration procedures. The shareholder or his agent must provide the company with a copy of the power of attorney at least two days in advance at the company’s address shown below: Amana Cooperative Insurance Company - Salah Al-Din Al-Ayoubi Road - Al-Zahraa District - Riyadh - Building No. 7529 - Postal Code 12811 Or by email: [email protected] Or by phone: +966114757700 ext. 1410 |
| Attached Documents | |
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