AI Summary
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Malath Cooperative Insurance Company is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held at 07:30 PM on Monday, 16/06/2025G corresponding 20/12/1446H, via modern technology. |
| City and Location of the General Assembly's Meeting | Company headquarters, Riyadh - through 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 | 19:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Every shareholder has the right to participate and that is for the shareholders registered in the company's shareholders register at the Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations. 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 | Holding of an Ordinary General Assembly shall not be valid unless attended by shareholders representing at least one-quarter of the Company’s voting shares. If the quorum required for holding the meeting of the Ordinary General Assembly is not available, the second meeting may be held after an hour from the expiration of the period specified for holding the first meeting, and the second meeting will be valid whatever the number of voting shares represented therein. |
| General Assembly Meeting Agenda | 1. To review and discuss the Board of Directors’ Report for the fiscal year ended on 31/12/2024G.
2. To review and discuss the financial statements for the fiscal year ended on 31/12/2024G.
3. To vote on the Company’s external auditor’s report for the fiscal year ended on 31/12/2024G after discussing it.
4. Voting on the appointment of the External Auditors for the Company’s from the nominees, and determine their fees based on the Audit Committee recommendation, to review and audit the Company’s Interim Financial Statements for the second, third quarter and annual of the fiscal year ending on 31/12/2025G. and first quarter of fiscal year ending on 31/12/2026G, along with determining their fees.
5. Voting for election of the Board members from among the candidates for the next term, commencing 17/06/2025G for a term of three years, ending on 16/06/2028G. (Candidates' CVs are attached).
6. Voting on paying an amount of (2,850,000) SR as remuneration to the Board members for the Fascial year ended on 31/12/2024G.
7. To vote on delegating to the elected Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 27 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Implementing Regulation 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 | Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote remotely on the items of the assembly, starting from 01:00 AM Friday 13-06-2025 corresponding 17-12-1446 H, until end of the meeting time. Registration and voting in Tadawulati services will be available and free for all shareholders Using the following link:
www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For more information, please contact the Shareholders Relations Department by:
phone number: 0114168222 Ext: 1054 Or via email to Shareholders Relations Department Email: investor.relation@malath.com.sa |
| Additional Information | nothing |
| Attached Documents | |
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