The Board of Directors of Gulf General Cooperative Insurance Company invites its shareholders to attend the Extraordinary General Assembly Meeting (Third meeting) in person and via modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Gulf General Cooperative Insurance Co. is pleased to invite its shareholders to attend and to vote in the meeting of the Extraordinary General Meeting (Third Meeting), which is scheduled to be held at Centro Shaheen Rotana Hotel (Yanbu Hall) in the city of Jeddah in person and via modern technology at 6:30 pm on Wednesday 29/07/1447H (corresponding to 18/01/2026G). |
| City and Location of the General Assembly's Meeting | At Centro Shaheen Rotana Hotel (Yanbu Hall), Jeddah, and via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-01-18 Corresponding to 1447-07-29 |
| 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 Extraordinary General Assembly meeting (Third meeting) is valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Vote on the board of directors' recommendation on the continuation of the company after having its losses reach half of its capital in accordance with article 132 of the Companies Law.
2. Delegate the board of directors to work on the procedures to address the accumulated losses as set out in their recommendation. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the items listed on the agenda of the EGM and to pose questions during the EGM meeting.
Registering and voting in Tadawulaty platform is free and available to all shareholders via the following link: www.tadawulaty.com.sa. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty electronic voting services will be able to vote electronically on the assembly items, starting from 1:00 am of Wednesday 25/07/1447 H (corresponding to 14/01/2026 G) until the Counting Committee Concludes Counting the Votes. Registration and voting through Tadawulaty is available and free of charge to all shareholders using the following link:
www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Valued shareholders can also direct their questions and inquiries by contacting the Shareholders Relations Department through phone number: 920001862, Ext: 8986, or e-mail investors@ggi-sa.com. |
| Additional Information | The measures taken to address the accumulated losses, in accordance with the recommendation of the Board of Directors, are as follows:
• Reduction of general and administrative expenses. • Continuation of intensive efforts to minimize losses in individual motor insurance. • Growth of sales through digital channels to improve cost-efficiency. • Continuation of intensive efforts to improve pricing and rationalize costs. • Considering all other potential measures, including, but not limited to, increasing capital (either by offering new priority rights shares to current shareholders, or by increasing capital through the issuance of new shares with suspended priority rights to new strategic investors or to current shareholders) or by merging with another company listed in the market. |
| Attached Documents | |
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