United Cooperative Assurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the United Cooperative Assurance Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held at 19:45 P.M on Monday 20 Dhu Alhejah 1446H, corresponding to 16 June 2025, through means of modern technology. |
| City and Location of the General Assembly's Meeting | At the Company’s Head Office in Riyadh – Bin Saeedan Tower – King Fahad Road by means of Modern Technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-16 Corresponding to 1446-12-20 |
| Time of the General Assembly’s Meeting | 19:45 |
| 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 | In accordance with Article (30) 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. |
| General Assembly Meeting Agenda | Item (1) Viewing and discussing the Board of Directors report for the fiscal year ending on 31 December 2024 (attached).
Item (2) Voting on the report of the Company’s auditor for the financial year ending on 31 December 2024 after discussing it (attached).
Item (3) Viewing and discussing the Financial Statements for the fiscal year ending on 31 December 2024 (attached).
Item (4) Voting on the discharge of the Board of Directors members liabilities for the fiscal year ended on 31 December 2024.
Item (5) Voting on delegating to the Board of Directors the authorization powers of the General Assembly as stipulated in paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Director's term, whichever is earlier, in accordance with the conditions contained in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.
Item (6) Voting on the appointment of the Company’s External Auditors from among the candidates, based on the Audit Committee’s recommendation, to examine, review and audit the financial statements for Q2, Q3 and annual financial statements for the year 2025, as well as Q1 of the year 2026 and determining their fees. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the General Assembly's agenda, and to ask questions.
Registered Shareholders in Tadawulaty can vote remotely on the General Assembly's agenda. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty services will be able to vote electronically on the items of the assembly’s agenda, starting from (01:00 AM) in the morning on Thursday 16 Dhu Alhejah 1446H corresponding to 12 June 2025, until the end of the assembly’s meeting time.
Noting that registration and voting in Tadawulaty services is available free of charge to all shareholders using the following link http://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For enquires please contact the Shareholders Affairs Unit via the Email: Shareholder.affairs@uca.com.sa |
| Attached Documents | |
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