Al Alamiya for Cooperative Insurance : إعلان الشركة العالمية للتأمين التعاوني عن نتائج اجتماع الجمعية العامة العادي&

A8280 ALALAMIYA0.05 (0.2 %)
1443/04/12 Wed Nov 17, 2021 08:08:13

Al Alamiya for Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Share this: Facebook TwitterLinkedIn

Element List	Explanation
Introduction	Al Alamiya for Cooperative Insurance Company announces the results of the Ordinary General Assembly meeting (first meeting), which was held at 06:30 PM on Tuesday 11/04/1443H corresponding to 16/11/2021G.
City and Location of the General Assembly's Meeting	The General Assembly meeting was held through modern technology means from the Company's office in Riyadh via Tadawulaty System
Date of the General Assembly's Meeting	2021-11-16 Corresponding to 1443-04-11
Time of the General Assembly's Meeting	18:30
Percentage of Attending Shareholders	70.81454%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following members of the Board of Directors: 1. Mr. Abdulaziz Abdulmohsin Bin Hasan. (Chairman) 2. Mr. Khalid Jaafar Mostafa Allagany 3. Dr. Saleh Hamad Saleh Alshinifi 4. Mr. Christopher Philip Dooley 5. Mr. Martin Rueegg 6. Mr. Abdulaziz Yousef Bin Yousef 7. Mr. Jonathan Cope The following Board members apologize from attend the meeting: 1. Mr. Tariq Zaid Abdullah Alkhayyal. (Vice Chairman) 2. Mr. Khalid Mohammed Ali Hariry.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	The meeting was attended by the following committees chairmen and members: 1. Mr. Abdulaziz Abdulmohsin Bin Hasan. (Chairman of the Investment Committee) 2. Dr. Saleh Hamad Saleh Alshinifi. (Chairman of the Audit Committee) 3. Mr. Martin Rueegg. (Member of the Nomination and Remuneration Committee). 4. Mr. Khalid Jaafar Mostafa Allagany. (Chairman of the Executive Committee) 5. Mr. Christopher Philip Dooley. (Chairman of the Risk Committee) 6. Mr. Fadi Hosn. (Member of the Risk Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	The results of the voting on the assembly's agenda were as follows: 1. Approval of the election of the Board members from among the candidates for the next term, commencing from the date of Ordinary General Assembly dated 16/11/2021G for a term of three years, ending on 15/11/2024G. The elected Board members are: - Mr. Abdulaziz Bin Hasan (Independent Member) - Dr. Saleh Alshinifi (Independent Member) - Dr. Tariq AlNaeem (Independent Member) - Mr. Martin Rueegg (Non-Executive Member Representative of Royal and Sun Alliance Middle East) - Mr. Christopher Dooley (Non-Executive Member Representative of Royal and Sun Alliance Middle East) - Mr. Jonathan Cope (Non-Executive Member Representative of Royal and Sun Alliance Middle East) - Mr. Paul Grigg (Non-Executive Member Representative of Royal and Sun Alliance Middle East) - Mr. Abdulaziz Yousef Bin Yousef (Non-Executive Member Representative of Riyad Bank) - Mrs. Amal Abdullah Al-luwaymi (Non-Executive Member Representative of Riyad Bank) 2. Approval of the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from date of the Ordinary General Assembly on 16/11/2021G until the end of the term on 15/11/2024G. The members are: - Dr. Saleh Hamad Al Shinifi, Independent Member - Dr. Ahmed Mohammed Al Salman, Member from outside the Board - Mr. Ayman Saleh Al Ghamdi, Member from outside the Board 3. Approval of the discharge the Directors from their liabilities from the date term ended on 09/10/2021G till the date of the OGM 16/11/2021G.

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.