Salama 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 Salama Cooperative Insurance Company hereby cordially invites the shareholders to attend, participate and vote in the first meeting of the Ordinary General Assembly Meeting, which will be in presence and through modern technology means on a 18 June 2025 corresponding 22 Dhu Al-Hijjah1446H, at 18:30, |
| City and Location of the General Assembly's Meeting | Jeddah city, In Salama Headquarter Office in AL-Madinah Road Jeddah, in presence and through modern technology using Tadawulaty System. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-18 Corresponding to 1446-12-22 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and 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 | The meeting of the Ordinary General Assembly is valid if attended by shareholders representing a 25% of the company’s capital. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for holding the first meeting. represented in it. |
| General Assembly Meeting Agenda | 1- Viewing and discussing the Board of Directors report for the fiscal year ending on 31-12-2024. (Attached)
2- To vote on the company's auditor's report for the fiscal year ending 12/31/2024 after its discussion. 3- Viewing and discussing the financial statements for the fiscal year ending on 31-12-2024. 4- Voting to absolve the Board of Directors from their liabilities pertaining to the management of the company for the fiscal year ended 31/12/2024. 5- Voting on paying an amount of (1,780,000) SR as remuneration to the Board members for the Fiscal year ended on 31/12/2024. 6- Voting on appointing the auditor for the company from the selected candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the (second and third) quarters and annual financial statements of the fiscal year 2025, and the first quarters of the fiscal year 2026. In addition to, the determination of the auditor’s remuneration.(Attached) 7- Voting on authorizing the Board of Directors with the General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. 8- Voting on the business and contracts concluded between the company and Al Mamoon Overseas – Insurance Broker which the member of the Board of Directors Mr. Adnan Jameel Khoja (Non- Executive Director) has an indirect interest, which is a Commissions incurred, and there are no preferential conditions, noting that the total of these works in 2024 amounted to 1,261.00 SAR. (Attached) 9- Voting on the amendment of the board and its Committees’ Remuneration Police Executive management. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Eligibility for Attendance Registration and Voting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from Sunday 1:00 AM on 15 June 2025 corresponding to 19-12-1446 and shall continue until the end of General Assembly meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For inquiries, please contact the investors relation Affairs during official working hours from 8AM – 4PM on telephone no:
012-6845627
012-6845696
or by email: ir@salama.com.sa |
| Attached Documents | |
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