|Introduction ||The Board of Directors of the United Cooperative Assurance is pleased to invite the shareholders to participate and vote in the first meeting of the Ordinary General Assembly, which is scheduled to be held, at exactly seven thirty in the evening on Wednesday 7/7/2021, corresponding to 25/11/1442, by modern technology. Using the Tadawulaty system, in order to ensure the safety of shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and as 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 ||The company's main building in Jeddah, Al-Khalidiya District, Prince Saud Al-Faisal Street |
|URL for the Meeting Location ||No English translation, kindly refer to the Arabic version |
|Date of the General Assembly's Meeting ||2021-07-07 Corresponding to 1442-11-27 |
|Time of the General Assembly's Meeting ||19:30 |
|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 first ordinary general assembly meeting is valid if attended by shareholders representing 25% of the company's capital. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting shall be valid regardless of the number of shares represented. |
|General Assembly Meeting Agenda ||1.To vote on the report of the Board of Directors for the fiscal year ending on 31/12/2020. |
2.To vote on the auditors' report for the fiscal year ending on 31/12/2020.
3.To vote on the financial statements for the fiscal year ending on 31/12/2020.
4.To vote to absolve the members of the Board of Directors from liability for the fiscal year ending on 31/12/2020
5.To vote on the disbursement of 1,443,000 riyals as a bonus to the members of the Board of Directors for the fiscal year ending on 31/12/2020.
6.To vote on the appointment of the company’s auditors from among the candidates based on the recommendation of the Board of Directors to examine, review and audit the financial statements for the second, third, fourth and annual quarters of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD and determine their fees.
7.To vote on the business and contracts that will take place between the company and the Haj Hussein Ali Reda group of companies, in which the board member, Mr. Khaled Hussein Ali Reda has an indirect interest, and license them for the coming year, knowing that the nature of the transactions is insurance contracts and the duration of these contracts for multiple periods, and that the value of transactions The ones that took place in the year 2020 AD are 5,650,000 riyals. These contracts are subject to all the approved terms that the company applies in its contracts with other parties, and there are no preferential terms for these contracts. (attached).
|Proxy Form || |
|E-Vote ||Shareholders registered in the Tadawulaty services can vote remotely on the items of the assembly starting from (10) on (Saturday) 23/11/1442 corresponding to 3/7/2021 until the end of the time of the assembly, and registration and voting in Tadawulaty services will be available and free for all shareholders Using the following link login.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 ||In the event of any inquiries, please contact the following phone: 0126068633 Ext. 2221 or via e-mail: firstname.lastname@example.org: |
|Additional Information ||Attachments:- |
•Supporting documents for the agenda
•Shareholders' Guide to Electronic Voting.
|Attached Documents|| |