Amana Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Amana Cooperative Insurance Company is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meeting will be held in an hour), which is scheduled to be held via modern technology, God willing, at exactly 18:30 PM on Monday 12-05-1447 AH corresponding to 03-11-2025. |
| City and Location of the General Assembly's Meeting | Virtually via modern technology (remotely). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-11-03 Corresponding to 1447-05-12 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (31) of the Company's Articles of Association, the Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least 25% of the capital. If the quorum required to hold this meeting is not available, a second meeting shall be held one hour after the expiry of the period specified for holding the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- Voting to elect members of the Board of Directors from among the candidates for the next term, which will begin on November 9, 2025, for a period of four years and end on November 8, 2029. (The CVs of the candidates are attached.)
2- Voting to authorize the elected Board of Directors to exercise the powers of the Ordinary General Assembly under the authorization stipulated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for listed joint-stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Attendees are entitled to discuss the topics on the agenda and ask questions. Shareholders registered with Tadawulaty services can vote remotely on the general assembly's agenda items via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Dear shareholders registered in Tadawulaty services will be able to vote electronically remotely on the assembly’s agenda starting from 1:00 AM on Thursday, 08-05-1447 AH corresponding to 30-10-2025, until the end of the assembly’s meeting time. Please note that registration and voting in Tadawulaty services are available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Shareholders' questions and inquiries will be directed to Amana Cooperative Insurance Company by calling: +966114757700, ext. 1410
or by email: [email protected] |
| Additional Information | 1- Voting on the first item will be conducted using the cumulative voting mechanism. If the voting results result in Amana Cooperative Insurance Company not being able to meet the minimum number of independent members required for the board in accordance with regulatory requirements, independent members will replace the non-independent members based on the number of votes each of them received. |
| Attached Documents | |
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