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

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1439/08/23     09/05/2018 08:00:33

The Board of Directors of Bupa Arabia for Cooperative Insurance Company (the Company or Bupa Arabia) hereby cordially invites the shareholders to attend the Extraordinary General Assembly Meeting to be held on Thursday 16th Ramadan 1439H, corresponding to 31st May 2018G, at 10:30 pm at Bupa Arabia's Jeddah Head Office, Prince Saud Al-Faisal Street, Al-Khalediyah District, Jeddah, as per Google Maps location,to consider and vote on the resolutions per the attached agenda.

Bupa Arabia also draws the attention of its shareholders to the following:

Any shareholder of Bupa Arabia has the right to attend this General Assembly meeting, either in person or through a proxy, provided a registered shareholder in the register of the shareholders of Bupa Arabia as per the securities Depository Center shareholder registry at the close of trading of the date of the Extraordinary General Assembly Meeting, as per the rules and regulations.

The quorum for holding the Extraordinary General Assembly meeting is 50% of the Company's capital overall, as per article 33 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.

For those who cannot attend they have the right to assign another person (as long as not a Board member and not an employee of Bupa Arabia) 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, 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 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 Extraordinary General Assembly meeting. On the Extraordinary General Assembly Meeting date, the POAs will be presented.
Any shareholders that are interested in attending the Extraordinary 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 their Saudi identification document (Saudi nationals) or Iqama (non-Saudi).

Bupa Arabia would like to confirm the availability of the automatic voting of shareholders on the agenda items through the automated voting service on the Tadawulaty system provided by the Saudi Stock Exchange (Tadawul). The voting period will be five (5) days starting from 10:00 am on Sunday 12/09/1439H, corresponding to 27/05/2018G, and ending on Thursday 16/09/1439H, corresponding to 31/05/2018G, at 4pm. To note that registration and voting on the Tadawulaty system is freely available to all shareholders by using this link:

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 238.8
Net Change 2.0 (+0.84%)
Value Traded (Sar) 23,445,040.4
Volume Traded 98,864
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