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Amana Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

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Introduction The Board of Directors of Amana Cooperative Insurance Company, are pleased to announce the results of the Ordinary General Assembly Meeting (Second Meeting), which was held at 8:00 pm on Thursday 01/12/1443H Corresponding to 30/06/2022G, an hour after the specified period from the first meeting, due to incomplete quorum required for the first meeting.
City and Location of the General Assembly's Meeting Head Office at Riyadh - Through Modern Technology
Date of the General Assembly's Meeting 2022-06-30 Corresponding to 1443-12-01
Time of the General Assembly's Meeting 20:00
Percentage of Attending Shareholders 18.36%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- Mr. Mahmoud Al Toukhi (Chairman)

2- Dr. Abdullah Al-Mussa (Vice Chairman)

3- Mr. Haitham Al-Foraih (Board Member)

4- Mr. Bader Al-Swailem (Board Member)

The Following Board Members have apologized for attending the General Assembly:

1- Mr. Abdulrahman Al-Sakran (Board Member)

2- Mr. Naif Al-Sudairy (Board Member)

3- Mr. Pierre Pharaon (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 1- Dr. Abdullah Al-Mussa (Chairman of Executive Committee and Chairman of the Nomination and Remuneration Committee)

2- Mr. Haitham Al-Foraih (Chairman of Investment Committee)

3- Mr. Bader Al-Swailem (Chairman of Audit Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approving the auditor/s report on the Company’s accounts for the fiscal year end 31/12/2021 G

2- Approving the financial statements for the fiscal year end 31/12/2021 G.

3- Approving the Board of Directors' report for the fiscal year end 31/12/2021 G.

4- Approving absolving the Board of Directors of their responsibility for managing the Company for the fiscal year end 31/12/2021G.

5- Approving 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 2022G, and the first quarter of the fiscal year 2023G, and the determination of the auditors’ remuneration.

6- Approving paying an amount of SAR (643,500) as remuneration to the Board & Committee members for the fiscal year end 31/12/2021G.

7- Approving the amendments of the Remuneration & Nomination Committees’ Charter.

8- Approving the Remuneration of the Board of Directors and Committees’ Policy.

9- Approving the Remuneration of the Executive Management Policy.

10- Approving 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 for previous year 2021 are multiple annual insurance policies and claims of SAR (5,931,000) without special conditions or benefits

11- Approving 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 for previous year 2021 are multiple annual insurance policies of SAR (10,000) without special conditions or benefits.

12- Approving 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 2021 of SAR (5,180,000) without special conditions or benefits.

Additional Information 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 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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