IssuerAnnouncementDetailsV2Portlet
Actions
Aljazira Takaful Taawuni Co. announces to Invites its Shareholders to Attend the Ordinary General Assembly Meeting (The first Meeting) through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Aljazira Takaful Taawuni Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (The first Meeting) , which is scheduled to be held, at exactly 18:30 pm on Tuesday 02-12-1444 AH corresponding to 20-06-2023 AD, via Modern technology means. |
| City and Location of the General Assembly's Meeting | Jeddah at Al-Hamra District - Al Madinah Descending Road (Down Town Road) - Al-Mosadiya Market Center - via modern technology. |
| URL for the Meeting Location | https://www.any-meeting.com |
| Date of the General Assembly's Meeting | 2023-06-20 Corresponding to 1444-12-02 |
| Time of the General Assembly's Meeting | 16:30 |
| Attendance Eligibility | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. |
| Quorum for Convening the General Assembly's Meeting | As per Article (32) of the Company Articles of Association, The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 25% of the Company’s Capital. In case of non-completion of the Quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be deemed quorate regardless of the number of the Shareholders represented therein. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing the Board of Directors Annual Report for the fiscal year ending 31December 2022. 2. Reviewing and discussing the Financial Statements for the fiscal year ending 31 December 2022. 3. Voting on the External Auditor’s Report for the year ending 31 December 2022 after discussing it. 4. Voting on releasing the Board of Directors members from their liability for the fiscal year ending 31 December 2022. 5. Voting on appointing the External Auditors among the candidates based on the Audit Committee recommendation as to examine, review and audit the financial statements for the second and third quarters along with 2023-year end financials and the first quarter for the year 2024 and determining their fees. 6. Voting on disbursing an amount of 1,905 thousand Saudi riyals as an annual remuneration to the members of the Board of Directors for the fiscal year ending on 31 December 2022. 7. Voting to delegate the Board of Directors with the authority of the General Assembly with the license mentioned in Article (27) of the Companies Law, for a one-year period effective upon the AGM approval date or up to ending of the authorized Board term, whichever is earlier, in accordance with the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. 8. Voting on the businesses and contracts that will be concluded between the company and Bank Aljazira (a related party) represented in the Property All Risk and Banker Blanket bond and Property All Risk- Mortgage Employee Property All Risk- Mortgage Customer and real estate financing portfolio protection services agreement for the banks’ customers and personal finance portfolio protection services agreement for the banks’ customers, In which the members of the Board of Directors, Eng. Abdulmajeed bin Ibrahim Al-Sultan, Mr. Naif Abdulkarim Al Abdualkarim, Mr. Khalid bin Othman Al-Othman, have an indirect interest in it. Note that the total amount of transactions that took place with the company in the previous year amounted to 103,431 thousand Saudi riyals without preferential terms. (Attached) 9. Voting on the businesses and contracts that will take place between the Aljazira Takaful Taawuni and AlJazira Capital Company which is considered a Related Party represented in profit earned on mutual funds, custodian charges, other income, in which the members of the Board of Directors, Eng. Abdulmajeed bin Ibrahim Al-Sultan, Mr. Naif Abdulkarim Al Abdelkarim, Mr. Naif Mesnad Al Mesnad, Mr. Khalid bin Othman Al-Othman, have an indirect interest. Note that the total amount of transactions that took place with the company in the previous year amounted to 15,305 thousand Saudi riyals without preferential terms. (Attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | The shareholders who are registered in the website of (Tadawulaty) electronic trading services can remotely vote on the items of the General Assembly through (electronic voting) service, and note that the remote voting will start at 01:00 am on Friday 27/11/1444 Hijri corresponding to 16/06/2023 AD, and continue until the end of the General Assembly on Tuesday 20/06/2023. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link: (www.tadawulaty.com.sa) |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | Please contact the Shareholders Affairs Unit through the following numbers during the company’s official hours. 0126688877 Ext: 8385-8577 , (IR.Inquires@ajt.com.sa), Or write to the following address: (Attention of the Secretary of the Board of Directors – (Aljazira Takaful Taawuni Company – P.O Box 5215 Jeddah 21422)). The shareholder’s right to discuss items on the meeting agenda and direct questions accordance with Article 91 of the companies’ law. |
| 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.
Share
Company Performance
Key Parameters
Last Price 13.1
Net Change 0.5 (+3.97%)
Value Traded (Sar) 3,640,078.28
Volume Traded 280,833
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions