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Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Ordinary general assembly Meeting

8210
BUPA ARABIA
-2.53 %
1438/03/09     08/12/2016 08:28:38

The Board of Directors of Bupa Arabia for Cooperative Insurance Company (the Company or Bupa Arabia) hereby cordially invites the shareholders to attend the Ordinary General Assembly Meeting to be held on Tuesday 21th Rabi' Al-Awwal 1438H, corresponding to 20th December 2016G, at 6:30pm at Bupa Arabia's Jeddah offices, Prince Saud Al-Faisal Street., Al-Khalediyah District, Jeddah, to consider the following agenda:

Resolution (1): To vote on the appointment of the Board members, to complete the future term, as per the future Board three year term, being the fourth Board term, from Sunday 24th Rabi Al-Thani 1438H, corresponding to 22nd January 2017G, until 23rd Rabi Al-Thani 1441H, corresponding to 20th December 2019G, through selection from the candidates presented, through cumulative voting.

Resolution (2): To vote on the formation of the Audit Committee and appoint its members, the terms of reference (Audit Committee Charter), and the members' remuneration, to complete the future term, as per the future Board three year term, from Sunday 24th Rabi Al-Thani 1438H, corresponding to 22nd January 2017G, until 23rd Rabi Al-Thani 1441H, corresponding to 20th December 2019, through selection of the candidates presented:
1.Dr. Adnan Abdulfattah Soufi.
2.Mr. David Hunt.
3.Mr. Khaled AlSoliman.

Resolution (3): To vote on the update of the Company's Code of Corporate Governance.

Resolution (4): To vote on the Company's proposed Board and Board Committee member Nomination and Appointment Policy and Procedure.

Resolution (5): To vote on the proposed changes to the Company's Trade-Mark related Agreements.

Shareholders that are interested in attending the general assembly meeting are kindly requested to arrive at the meeting place before the scheduled time in order to allow some time to finalize the registration procedures, to bring evidence of the ownership of his/her shares, and also their Saudi identification document (Saudi nationals) or Iqama (non -Saudi). Those who cannot attend have the right to assign another shareholder (as long as not a board member, not an employee or member of Bupa Arabia staff) to attend the General Assembly on his/her behalf under a written Power of Attorney (POA) (please refer sample at the end of this communication) and which must be attested/certified by a recognized authority (as per the attached document), such as the following:
- Industrial Commercial Chambers if the shareholder is an affiliate in one of them. This is also applicable if the shareholder is a company or juristic personality.
- Saudi banks provided that the assignee has an account at the ratifying bank.
- Official notary office.
POAs must be submitted to the Bupa Arabia Head Office located in Prince Saud Al-Faisal Street (previously named Al-Rawdah Street) in Jeddah, P.O. Box 23807, Jeddah 21436 or it may be sent by Fax to facsimile number: +966 (0) 12 692 0525 at least two (2) days prior to the General Assembly meeting.

The quorum for holding the Ordinary General Assembly meeting is 50% of the Company capital overall, and each shareholder has the right to attend the general assembly as per article 32 in the Company's by-laws.

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