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Wataniya Insurance Co. Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Wataniya Insurance Company announces the results of the Extraordinary General Assembly meeting (the second meeting) due to not achieving the legal quorum in the first meeting, where the second meeting was held an hour after the first meeting |
| City and Location of the General Assembly's Meeting | Company's Head Office in Jeddah via modern technology |
| Date of the General Assembly's Meeting | 2025-05-25 Corresponding to 1446-11-27 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 43.92 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | attended: Dr. Hussein Akeil - Chairman of the Board - Non-Executive Board member Mr. Nidal Radwan - Independent Board Member Mr. Raed Sater - Independent Board Member Mr. Haitham Albakree - Executive Board Member Mr. Sami Mousa Alhalabi - Independent Board Member Mr. Omar Hashim - Independent Board Member Mrs. Abir Kaki - Independent Board Member And was absent Mr. Faisal Charara - Non-Executive Board member Mr. Amin Alafifi - Non-Executive Board member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Nidal Radwan - Audit Committee Member Mr. Sami Alhalabi - The remuneration & Compensation Committee Chairman Mr. Nidal Radwan - The Risk Committee Member Mr. Haitham Albakree - The Executive Committee Member Mr. Haitham Albakree - The Investment Committee Member |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approved the appointment of Mr. Sami Mousa Alhalabi as Independent Director starting 02/12/2024 until the end of the current Board Tenure on 25/04/2025 as a successor for Mr. Tahir Mohammed Aldabbagh (Non-Executive Board Member). 2- Approved the amending of Wataniya’s Corporate Governance Policy. 3- Approved the amending of Article (13) of the Company Bylaws regarding the reduction of the Capital of the Company. 4- Approved the amending of Article (14) of the Company Bylaws regarding the number of the Board members of the Company. 5- Approved the amending of the company’s articles of association in accordance with the new Companies law and reclassifying and numbering the articles of the company's articles of association to be consistent with the proposed amendments. |
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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