Amana Cooperative Insurance Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
|Introduction||The Board of Directors of Amana Cooperative Insurance Company hereby cordially invites the shareholders to attend the Ordinary General Assembly Meeting, that will be conducted through modern technology using the Tadawulaty platform, to further support the efforts and precautionary measures taken by the specialized and concerned medical authorities to prevent the spread of the Coronavirus (COVID-19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.|
|City and Location of the General Assembly's Meeting||Head Office at Riyadh - Through Modern Technology|
|URL for the Meeting Location||https://www.tadawulaty.com.sa|
|Date of the General Assembly's Meeting||2021-06-29 Corresponding to 1442-11-19|
|Time of the General Assembly's Meeting||19:00|
|Attendance Eligibility||Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations|
|Quorum for Convening the General Assembly's Meeting||The Ordinary General Meeting of shall be held in the presence of shareholders representing 25% of the company's capital. In case of non-completion of the quorum at the first meeting, a second meeting will be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid if attended by shareholders representing any percentage of the company's capital.|
|General Assembly Meeting Agenda||1- To vote on the auditors’ report on the Company’s accounts for the fiscal year end 31/12/2020 G. |
2- To vote on the financial statements for the fiscal year end 31/12/2020 G.
3- To vote on the Board of Directors' report for the fiscal year end 31/12/2020 G.
4- To vote on absolving the Board of Directors of their responsibility for managing the Company for the fiscal year end 31/12/ 2020 G.
5- To vote on appointing the auditors for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the second, third, and fourth quarter and annual financial statements, of the fiscal year 2021 G, and the first quarter of the fiscal year 2022 G, and the determination of the auditors’ remuneration.
6- To vote on paying an amount of SAR (1,080,000) as remuneration to the Board Members for the fiscal year end 31/12/ 2020 G.
7- To vote on the business and contracts concluded or that will be concluded between the Company and Alsaif Group Company, in which the Board members Mr. Naif Alsudairy and Mr. Abdulrahman Alsakran have an indirect interest. These businesses and contracts are multiple annual insurance policies of SAR (27,381,000) without special conditions or benefits.
8- To vote on the business and contracts concluded or that will be concluded between the Company and Mr. Naif Alsudairy, in which the Board member Mr. Naif Alsudairy has a direct interest. These businesses and contracts are multiple annual insurance policies of SAR (13,000) without special conditions or benefits.
9- To vote on the business and contracts concluded or that will be concluded between the Company and Mr. Abdulrahman Alsakran, in which the Board member Mr. Abdulrahman Alsakran has a direct interest. These businesses and contracts are multiple annual insurance policies of SAR (16,000) without special conditions or benefits.
10- To vote on the business and contracts concluded or that will be concluded between the Company and GlobeMed Saudi, in which the Board members Mr. Naif Alsudairy, Mr. Pierre Pharaon and Mr. Abdulrahman Alsakran have an indirect interest. This business and contract is medical claims management contract for year 2020G of SAR (11,384,000) without special conditions or benefits.
|E-Vote||The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start on Saturday 26/06/2021 at (10:00) AM, and the voting will end once the General Assembly ends. Please note that registration in Tadawulaty service and voting is provided free of charge.|
|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||Any questions or quires should be communicated to Inventors Relations Department by calling: +966 11 4757700 |
Or by email Investorsrelations@amana-coop.com.sa
The Capital Market Authority and the Saudi Stock 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.