Amana Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Amana Cooperative Insurance Company announces the results of the Ordinary General Assembly Meeting (the second meeting) due to the lack of a quorum in the first meeting, as the second meeting was held an hour after the first meeting, at which the quorum necessary for its holding was complete, through modern technological means only using the Tadawulati system. |
| City and Location of the General Assembly's Meeting | The company's main headquarters is in Riyadh, in addition to the meeting being held virtually via modern technological means for shareholders wishing to attend remotely |
| Date of the General Assembly's Meeting | 2024-06-30 Corresponding to 1445-12-24 |
| Time of the General Assembly’s Meeting | 20:05 |
| Percentage of Attending Shareholders | %15.22 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The association’s meeting was also attended by the following members of the Board of Directors:
1- Dr. Abdullah bin Othman Al-Mousa (Chairman of the Board of Directors). 2- Mr. Tariq bin Abdullah Al-Qarawi (Deputy Chairman of the Board of Directors) 3- Mr. Abdul Rahman bin Abdullah Al-Sakran (Member of the Board of Directors) 4- Mr. Nayef bin Faisal Al-Sudairi (Member of the Board of Directors) 5- Mr. Hassan bin Rumaih Al-Zahrani (Member of the Board of Directors). 6- Mr. Rashid bin Salim Abi Nader (Member of the Board of Directors).
While members of the Board of Directors were unable to attend: 1- Mr. Bashar bin Talal Kayali |
| 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. Tariq bin Abdullah Al-Qarawi (Chairman of the Executive Committee).
2- Mr. Abdul Rahman bin Abdullah Al-Sakran (Chairman of the Risk Committee). 3- Mr. Hassan bin Rumaih Al-Zahrani (Chairman of the Nominations and Remuneration Committee). 4- Mr. Rashid bin Salim Abi Nader (Chairman of the Investment Committee). 5- Mr. Hassan bin Rumaih Al-Zahrani (Vice Chairman of the Audit Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | . The Board of Directors’ report for the financial year ending on 12/31/2023 was reviewed and discussed.
2. The financial statements for the fiscal year ending on 12/31/2023 were reviewed and discussed.
3. Approval of the company’s auditors’ report for the financial year ending on 12/31/2023 AD after discussing it.
4. Approval to discharge the members of the Board of Directors from their liabilities for the fiscal year ending on 12/31/2023 AD.
5. Approval of the appointment of the company’s auditors, the office of Al-Sayyid Al-Ayouti & Partners, certified accountants and auditors, with a fee amounting to 465,000 Saudi riyals, and Al-Kharashi Office, certified accountants and auditors, with a fee amounting to 525,000 Saudi riyals, to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 AD and the first quarter of the year 2025 AD.
6. Approval of disbursing an amount of (1,394,000) riyals as a bonus to members of the Board of Directors for the financial year ending on 12/31/2023 AD.
7. Approval of the works and contracts concluded between the company and GlobeMed 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. Approval of the business and contracts concluded between the company and 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 AD, is (1,037,000) Saudi riyals. |
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