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BUPA ARABIA FOR COOPERATIVE INSURANCE INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL MEETING ASSEMBLY (to be continued 3)

8210
BUPA ARABIA
-2.53 %
1434/05/01     01/05/2016 09:59:29

Resolution (7): Approve the recommendation of the Board of Directors to pay a dividend, for the year ending 31/12/2012 G, of SR1.00 per share totalling SR forty million (SR 40,000,000), representing 10% of the paid up capital, to shareholders registered at the date of the Extraordinary General Assembly Meeting on 10th April 2013. The date of the cash dividend payment will be confirmed at the Extraordinary General Assembly Meeting. This proposed cash dividend payment represents 10% of the nominal value of each share.

Resolution (8):Approve the recommendation of the Board of Directors to set specific and explicit policies, standards and procedures, for the membership of the Board of Directors on the basis of Article (10/d) listed in the Corporate Governance as issued by the Capital Market Authority (CMA) Board.

Resolution (9): Approve SR1,044k as the remuneration for the members of the Board of Directors for the year ended 31/12/2012 G (12 Months) in accordance with article 17 of the company bylaws.

Resolution (10): Absolve the Board of Directors of their responsibility formanaging the company for the year ended 31/12/2012 G (12 Months).

Shareholders that are interested in attending the assembly meeting need to record their names in the attendance registration list at least half an hour prior to the start of the assembly meeting. Those who cannot attend have the right to empower another shareholder, as long as that shareholder is not a board member or a Bupa Arabia employee, and provided they supply identification, verified by an official party. All verification must be submitted at least three (3) days prior to the assembly meeting. The ordinary general assembly meeting requires the presence of shareholders with ownership of at least 50% of the companys capital overall as per article 32in the companys bylaws.

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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