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Bupa Arabia for Cooperative Insurance announces the results of shareholder Ordinary general assembly meeting
Bupa Arabia for Cooperative Insurance announces the results of the Eighth ordinary general assembly meeting of its shareholders which was held on Monday 14th of Shaban 1436H, corresponding to 1st June 2015G, at 4:00 pm at Bupa Arabia's Jeddah offices, Al-Rawdah Street, Al-Khalediyah District, under the Chairmanship of Chairman of the Board Eng. Loay Hisham Nazer and reached an attendance of (53.12%)of the total shares of the Company's 40 million shares pursuant to article 91 of the Ministry of Commerce regulations and article 32 of the company's Bylaws. The agenda was thoroughly discussed and the results were a unanimous approval of the following:
Resolution (1): Approve the Board of Directors Report for the year ended 31/12/2014 G (12 Months).
Resolution (2): Approve the Annual Financial Statements and the Auditors Report for the year ended 31/12/2014G (12 Months).
Resolution (3): Approve the Selection and Appointment of the external auditors as KPMG and Aldar Audit Bureau to audit the company's accounts for the year ending 2015, and set the external auditors fees based on the Audit Committees recommendation.
Resolution (4): Approve the appointments of the new Board members until 6 Sha'baan 1438H, corresponding to 2nd of May 2017
1- Mr. David Fletcher in place of Mrs.Alison Platt. 2- Mr. Edward Hannan in place of Mr. James Gordon Wheaton Resolution (5): Approve SR1,020K as the remuneration for the members of the Board of Directors for the year ended 31/12/2014G (12 Months) in accordance with article 17 of the company by-laws. Resolution (6): Absolve the Board of Directors of their responsibility for managing the company for the year ended 31/12/2014G (12 Months). Resolution (7): The Ratification of Business and Contracts where a Board member has a direct or an indirect interest during the years 2014 and 2015, as per the attached document.
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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