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Gulf General Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Gulf General Cooperative Insurance Company announces the results of the Ordinary General Assembly Meeting (Second Meeting) due to the lack of quorum in the first meeting scheduled to be held at 6:30 pm. Accordingly, the second meeting was held at 7:30 pm on Thursday 17/11/1446 AH corresponding to 15/05/2025 AD. The attendance rate was 20.02% through means of modern technology. |
| City and Location of the General Assembly's Meeting | Company headquarters, Jeddah - through means of modern technology. |
| Date of the General Assembly's Meeting | 2025-05-15 Corresponding to 1446-11-17 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 20.02% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended: Mr. Jamal Abdullah AlDabbagh (Chairman) Mr. Saud Abdulaziz AlSulaiman (Vice Chairman) Mr. Mohamed Husnee Jazeel Mr. Taher Mohammed Omar Agueel Mr. Mohammad Zaher Salahuddin Almunajjed Dr. Ahmed Siraj Khogeer Dr. Abdulwahab Mossab Abukwaik The following members apologized for not attending the meeting: Mr. Majed Diaauddin Kareem Dr. Faisal Adnan Baassiri |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Jamal Abdullah AlDabbagh - Chairman of the Executive Committee and Member of the Nomination and Remuneration Committee. Mr. Saud Abdulaziz AlSulaiman - Chairman of the Investment Committee. Mr. Mohammad Zaher Salahuddin Almunajjed – Chairman of the Risk Management Committee. Dr. Ahmed Siraj Khogeer – Member of the Audit Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the election of members of the Board of Directors from among the candidates for the next term, commencing from 16/05/2025 AD corresponding to 18/11/1446 H for a term of three years, ending on 15/05/2028 AD, and they are: Mr. Jamal Abdullah AlDabbagh (Chairman) Mr. Saud Abdulaziz AlSulaiman (Vice Chairman) Mr. Mohamed Husnee Jazeel Mr. Taher Mohammed Omar Agueel Mr. Mohammad Zaher Salahuddin Almunajjed Dr. Ahmed Siraj Khogeer Dr. Abdulwahab Mossab Abukwaik Mr. Mazen Hani Altamimi Dr. Muath Khalid Alzamil 2. Approval of the discharge of the Board of Directors from their liabilities from the date term ended on 10/04/2025 AD until the date of the AGM 15/05/2025 AD. |
| Additional Information | None |
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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