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BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) THAT INCLUDES INCREASE OF THE COMPANY’S CAPITAL THROUGH MODERN TECHNOLOGY MEANS

8210
BUPA ARABIA
-2.53 %
1444/04/21     15/11/2022 15:50:30

Element ListExplanation
Introduction The Board of Directors of Bupa Arabia for Cooperative Insurance Company (Bupa Arabia) hereby cordially invites the shareholders to participate and vote in the Extraordinary General Assembly Meeting, which will be held virtually through the modern technology means on Thursday 22 December 2022G, at 18:30, corresponding to 28-05-1444H using Tadawulaty System.
City and Location of the Extraordinary General Assembly's Meeting Jeddah City, through the technology means and Tadawulaty System
URL for the Meeting Location www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting 2022-12-22 Corresponding to 1444-05-28
Time of the Extraordinary General Assembly's Meeting 18:30
Attendance Eligibility Shareholders Registered at the Edaa Center Registry at the End of the Trading Session Preceding the General Assembly Meeting can use the Electronic attendance registration and voting using the Tadawulaty system at the assembly meeting and as per the Laws and Regulations.
Quorum for Convening the General Assembly's Meeting The quorum for holding the Extraordinary General Assembly meeting is 50% of the Company's capital overall, as per Article 32 of the Company's By-Laws. In the absence of a quorum required for holding the meeting, a second meeting can be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by shareholders representing at least 25% of the Company's capital.
Meeting Agenda Resolution (1): To approve increasing the share capital from SAR 1,200 Million to SAR 1,500 Million by capitalizing SAR 300 Million from the retained earnings account, thereby increasing the capital by 25%, and thereby increasing the number of shares from 120M shares to 150M shares, through offering 1 bonus share for every 4 shares owned. The objective of this recommendation based on the Board’s desire to support and strengthen Bupa Arabia’s capital base to enable it to achieve growth in the Company’s business and expand its activities over the coming years. The date of entitlement to the bonus shares will be to any shareholders owning shares as per the securities depository centre shareholder registry two days after the date of the Extraordinary General Assembly Meeting. In the event of fractions of shares resulting from the capital increase, they will be grouped into one portfolio and sold at the market price and then the proceeds of the sale of the fractional shares distributed to the entitled parties on the date of entitlement, according to their shares and on the basis of the average selling price per share, and which shall be completed within a period not exceeding 30 days from the date of distribution of the correct shares to the beneficiaries according to the regulations.

Resolution (2): To approve the changes in Article 8 of the Company’s By-Laws which is the change to the Company’s capital and the number of shares issued, provided Resolution 1 of this meeting has been approved, (as attached)

Proxy Form
E-Vote The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 01:00 AM on Sunday 18-12-2022 corresponding to 24-05-1444H and shall continue until the end of General Assembly meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link:

www.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 Agenda of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.
Method of Communication Shareholders are welcomed to submit their questions during daily working hours from 8:30 am to 5:30 pm by communicating with the Corporate Governance Department through one of the following means: Tel: 920000456 Ext: 5412

Email: invest@bupa.com.sa

Additional Information All information related to the agenda of the General Assembly is available with the Governance department at the company's headquarters.
Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 239.2
Net Change -6.2 (-2.53%)
Value Traded (Sar) 46,769,901
Volume Traded 192,644
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