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BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING)

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BUPA ARABIA
1.23 %
1439/03/15     03/12/2017 08:03:28

Bupa Arabia for Cooperative Insurance Company announces the results of the Twelfth General Assembly meeting of its shareholders, the Ordinary General Assembly Meeting held on Thursday 12th Rabi' Awwal 1439H, corresponding to 30th November 2017G, at 6:30 pm at Bupa Arabia's Jeddah Head Office, Prince Saud Al-Faisal Street., Al-Khalediyah District, Jeddah, under the Chairmanship of the Vice-Chairman of the Board, Mr. David Martin Fletcher, and reached an attendance of 54.45% (through either in person attendance, and/or via proxy, and/or via electronic voting) of the total shares of the Company's 80 million shares pursuant to the relevant Saudi regulations and to the relevant articles of the Company's By-Laws.

The agenda was thoroughly discussed and the results were a unanimous approval of the following resolutions:

Resolution (1) : Approval of the update of the Board Member Remuneration Policy.

Resolution (2) : Approval of the update of the Board Committee Member Remuneration Policy.

Resolution (3) : Approval of the update of the Board and Board Committee Member Nomination & Appointment Policy and Procedure.

Resolution (4) : Approval of the Chief Executive Team Remuneration Policy.

Resolution (5) : Approval of the update of the Code of Corporate Governance, which included the updates of:
-The Board Charter and The Schedule of Matters Reserved for the Board (SMRB)
-The Board Committee Charters as follows: Audit Committee, Executive Committee, Investment Committee, Nomination and Remuneration Committee and Risk Management Committee

Resolution (6) : Approval of the change of the current Board Term to conclude 30 June 2019.

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 246.0
Net Change 3.0 (+1.23%)
Value Traded (Sar) 13,522,385.6
Volume Traded 55,342
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