Published: Jun 16, 2014
Source: Tadawul

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Saudi Arabian Cooperative Insurance company invites its shareholders to attend the ordinary general assembly (second meeting)

Saudi Arabian Cooperative Insurance Company is pleased to invite its shareholders attend Ordinary general assembly (Second Meeting) to be held in the Riyadh - Prince Salman Social Center on 23-06-2014 corresponding to 25-08-1435 at 16:00 to consider the following agenda:

1. Approval of Board of Directors report for the year that ended on 31/12/2013.

2. Approval of the auditors' report, the balance sheet, profit and loss for the year that ended on 12/31/2103.

3. Discharge of the members of the Board of Directors for their actions during the year that ended on 31/12/2013.

4. Approve the appointment of auditors from among the candidates by the audit committee to review the company's accounts for the year of 2014 and quarterly financial statements and annual and fix their fees.

5. Approve the bonuses specific to Article No. (17) Which the total amount of SR. 180,000 (one hundred eighty thousand riyals) for the chairman and SR. 120,000 (one hundred and twenty thousand riyals) for the members of the Board of Directors, in year 2013.

6. Approve the recommendation of the Board of Directors on the agency agreement with ACE Insurance Agencies Ltd. and ACE Insurance Brokers Co., Ltd., which owns two the Chairman of 10% of the shares for each.

7. Approve the recommendation of the Board of Directors to add some articles to the conflicts of interest of the corporate governance of the company that comply with the rules issued by the Capital Market Authority.

Note note that he is meeting for the second time valid irrespective of the number of shares represented meeting. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to fax number:011-4751197 and delivered to the company prior 3 day of the meeting.

Contact details : phone number:011-8749666

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