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CHUBB Arabia Cooperative Insurance Co. announces to Invites its Shareholders to Attend the ( Frist Meeting ) Annual General Assembly Meeting (AGM) through modern technology means.

Element ListExplanation
Introduction The Board of Directors of Chubb Arabia is pleased to invite its shareholders to attend the company's thirteenth Annual General Assembly meeting (First meeting), which is scheduled to be held, at exactly 6:30 pm on Tuesday 13 Shawal 1442H corresponding to May 25, 2021, at the company's main headquarters in Khobar City utilizing modern technology through the use of Tadawulaty system, to ensure the safety of shareholders to support the preventive and precautionary efforts and measures by the 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 Through modern technology means from the Company’s office in Khobar City (using Tadawulaty system)
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-05-25 Corresponding to 1442-10-13
Time of the General Assembly's Meeting 18:30
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 legal quorum for holding the annual general assembly is the presence of shareholders who represent at least 25% of the capital. If the quorum required to hold the meeting is not complete, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda 1. Voting on the Board of Directors' report for the fiscal year ending on 31/12/2020G.

2. Voting on the auditor/s report on the Company’s accounts for the fiscal year ending on 31/12/2020G.

3. Voting on the financial statements for the fiscal year ending on 31/12/2020G.

4. Voting on the business and contracts concluded between the company and the Al-Khereiji Real Estate Company, which the members of the Board Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners, which are the insurance contracts, and the transactions for 2020 amounted to SR. (252,155) and there are no preferential conditions.(Attached)

5. Voting on the business and contracts concluded between the company and the Al-Khereiji Trading and Electronics company, which the members of the Board Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners. Which are the insurance contracts, and the transactions for 2020 amounted to SR. (57,803) and there are no preferential conditions. (Attached)

6. Voting on the business and contracts concluded between the Company and the Chubb INA International Holdings Ltd.; represented by three Board Members and they are Mr. Stephen Brian Dixon, Mr. Serge Michel Osouf and Mr. Giles Richard Ward. , which consist of placed reinsurance transactions with total premiums SR. (37,989,571), and which contain no preferential conditions. (Attached)

7. Voting on the business and contracts concluded between the company and Al-Khereiji Trading and Electronics Company. Which the members of the Board Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners. and its rental contracts for the company head office, and Riyadh branch buildings, noting that transactions for 2020 amounted to SR. (1,287,500) and there are no preferential conditions. (Attached)

8. Voting on the business and contracts concluded between the company and the General Maintenance Center for cars owned by the International Company for Trade and Contracting Services, which the members of the Board Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners. Which is the provision of maintenance services for customer vehicles, noting that transactions for 2020 amounted to SR. (2,226,039) and there are no preferential conditions. (Attached)

9. Voting on the business and contracts concluded between the company and Al-Khwarizmi for Actuarial services owned by the International Company for Trade and Contracting Services. The Board of Directors members Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners, which are the insurance contracts, and the transactions for 2020 amounted to SR. (26,600) and there are no preferential conditions. (Attached)

10. Voting on the business and contracts concluded between the company and RFIB Saudi Arabia for reinsurance brokerage where the Al-Khereiji Investment Company owns a share in RFIB company, which the members of the Board of Directors Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdul Aziz bin Abdul Karim Al-Khereiji indirect interest in them as owners, which consist of placed reinsurance transactions with total premiums SR. (6,019,738), and which contain no preferential conditions. (Attached)

11. Voting on appointing the (auditor/s) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor/s shall examine, review and audit the (second, and third) quarter and annual financial statements, of the fiscal year 2021G., and the first quarter of the fiscal year 2022G., and the determination of the auditor's (s’) remuneration.

12. Voting on paying an amount of (SAR 3,298,939) as remuneration to the Board members for the fiscal year ending on 31/12/2020G.

13. Voting on the Board of Directors recommendation of non-distribution of cash dividends for the fiscal year 2020.

Proxy Form
E-Vote Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa Please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Friday, Shawal 09, 1442H, corresponding to May 21, 2021, at 10:00 am the voting will end once the Annual General Meeting ended, and registration and voting in Tadawulaty services will be available and free of charge for all shareholders using 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 If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0138047662

E-mail : Compliance.ksa@chubb.com

Attached Documents  

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.

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