1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Walaa Cooperative Insurance Company
  6. News
  7. Summary
    8060   SA000A0MLUD8

WALAA COOPERATIVE INSURANCE COMPANY

(8060)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  05-21
15.80 SAR   -3.42%
04/02Walaa Cooperative Insurance Co. Announces Signing an Insurance Agreement with Saudi Arabian Oil Company
CI
03/24Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2021
CI
2021Walaa Cooperative Insurance Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

اعلان شركة ولاء للتأمين التعاوني عن فتح باب الترشح لعضوية مجلس الادارة للدورة القادم&#

11/01/2021 | 01:27am EDT
Walaa Cooperative Insurance Co. Announces Calling Candidature for Board Members Elections for the New Term

Share this: Facebook TwitterLinkedIn

Element List Explanation
Introduction Walaa Cooperative Insurance Company is pleased to announce to its shareholders that nomination to the Board of Directors of the Company for the term staring from 26/05/2022 till 25/05/2025, for three years thereafter has commenced. Applicants must send their nomination notification in accordance with the Company's Nomination and Appointment Policy (as attached), The requirements for Appointments for Senior Positions in Financial Institutions Supervised by Saudi Central Bank (SAMA) the Corporate Governance Regulations as issued by SAMA and the Capital Market Authority (CMA).
Type of Assembly New Session
Assembly Start Date 2022-05-26 Corresponding to 1443-10-25
Assembly End Date 2025-05-25 Corresponding to 1446-11-27
Number of members 11
Application Start Date 2021-11-01 Corresponding to 1443-03-26
Application End Date 2021-12-01 Corresponding to 1443-04-26
Applications Submission Method Shareholders desiring to nominate themselves for the membership of the Board of Directors of Walaa are required to submit their nomination requests/applications to the Company at the address set out herein below:

Adel Khashoggi Building, Custodian of The Two Holy Mosques Road, P.O. Box 31616, Al-Khobar 31952

Email: Investors@walaa.com

Application Requirements 1. Submitting of the request to the company's management, including the nominees resume, qualifications, and experience along with the supporting documents.

2. It is a requirement for any nominee that has held the position of Board Member in any joint stock company to provide the following information:

A. The number of Board of Directors meetings that took place during all the years of the term and the number of meetings that the nominee member attended and the percentage of attendance.

B. The Board Committees that the nominee participated in as a formal Committee member, and the number of meetings held for each of these committees during each year of the term.

3. A list of all the joint stock companies that the nominee is still a Board Member of.

4. A list of the companies or establishments that the nominee manages or owns, and wherever the nominee is engaged in business which related to the Company's business.

5. Completing the Fit and Proper form issued by the Saudi Central Bank, including the submission of the required supporting certificates and other documents, and which form can be found on SAMAs website:

http://www.sama.gov.sa/ar-sa/Insurance/Pages/Forms.aspx

6. Completing Form (3) issued by the Capital Market Authority which can be found on CMA's website:

https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx

7. The nominee shall not be a member of the Board of Directors of any other insurance and/or reinsurance Company.

8. The nominee shall not hold membership in more than five boards of public companies at one time.

9. It is not allowed, except after written approval from SAMA, for a person who had held similar position in a liquidated Company to nominate himself.

10. To be attached with the application, a clear copy of the national ID for individuals, commercial registration for companies and establishments and the phone numbers of the nominees.

Candidate Conditions [Link]

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.

Disclaimer

Saudi United Cooperative Insurance Company SJSC published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 06:26:08 UTC.


© Publicnow 2021
All news about WALAA COOPERATIVE INSURANCE COMPANY
04/02Walaa Cooperative Insurance Co. Announces Signing an Insurance Agreement with Saudi Ara..
CI
03/24Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended De..
CI
2021Walaa Cooperative Insurance Company Reports Earnings Results for the Third Quarter and ..
CI
2021اعلان شركة ولا&..
PU
2021اعلان شركة ولا&..
PU
2021Walaa Cooperative Insurance Co. Announces Calling Candidature for Board Members Electio..
PU
2021اعلان شركة ولا&..
PU
2021اعلان شركة ولا&..
PU
2021اعلان شركة ولا&..
PU
2021Walaa Cooperative Insurance Co. announces its Interim Financial Results for the Period ..
PU
More news
Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 1 058 M 282 M 282 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 89,0%
Chart WALAA COOPERATIVE INSURANCE COMPANY
Duration : Period :
Walaa Cooperative Insurance Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WALAA COOPERATIVE INSURANCE COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 16,36 SAR
Average target price 23,00 SAR
Spread / Average Target 40,6%
Managers and Directors
Johnson Varughese Chief Executive Officer
Mohannad Al Desouki Chief Financial Officer
Sulaiman Abdullah Hamad Al-Kadi Chairman
Salah Mohammed Al-Jaber Chief Operating Officer
Sulaiman bin Abdulaziz Al-Twaijri Independent Director