Allianz Assembly Approves Amendments of Company Articles of Association

Allianz Saudi Fransi Cooperative Insurance Company announced on Thursday the results of the Extraordinary General Assembly meeting (the first meeting) held on Wednesday 29/12/2021, in the third floor at the company’s headquarters located in Al Safwa Commercial Building – Khurais Road – near to the Gulf Bridge – Malaz District – Riyadh, via modern technology (remote voting).

The meeting was held in accordance with the directive of the Capital Market Authority, according to its decision dated 16/03/2020 to suspend the holding of the general assemblies of listed companies in the financial market, in presence until further notice.

The company added that the quorum for the meeting was completed by %69.69 of the shares represented in the company’s capital.

Furthermore, the results of voting on the agenda of the Assembly meeting were as follows:

1. Approval of the amendment of Article (No. 1) of the company’s articles of association related to (Incorporation).

2. Approval of the amendment of Article (No. 3) of the company’s articles of association, related to (the objectives of the Company).

3. Approval of the amendment of Article (No. 4) of the company’s articles of association, related to (participation and ownership in companies( .

4. Approval of the amendment of Article (No. 7) of the company’s articles of association, related to (the Company’s investments).

5. Approval of the amendment of Article (No. 12) of the company’s articles of association related to (trading of shares).

6. Approval of the amendment of Article (No. 13) of the company’s articles of association related to (increasing the capital).

7. Approval of the amendment of Article (No. 14) of the company’s articles of association related to (reducing the capital).

8. Approval of the amendment of Article (No. 16) of the company’s articles of association, related to (the termination of membership of the Board of Directors).

9. Approval of the amendment of Article (No. 17) of the company’s articles of association, related to (the vacant position in the Board).

10. Approval of the amendment of Article (No. 18) of the company’s articles of association related to (the authority of the Board).

11. Approval of the amendment of Article (No. 19) of the company’s articles of association related to (the remunerations of the members of the Board and the remuneration of the chairman of the Board of Directors and the Managing Director).

12. Approval of the amendment of Article (No. 20) of the company’s articles of association, related to (the powers and membership of the Chairman of the Board of Director, and the membership of a deputy, a managing director and a secretary(.

13. Approval of the amendment of Article (No. 21) of the company’s articles of association, related to (the Board of Directors’ meetings(.

14. Approval of the amendment of Article (No. 22) of the company’s articles of association, related to (the quorum required for the Board of Directors’ meetings(.

15. Approval of the amendment of Article (No. 24) of the company’s articles of association, related to (agreements and contract).

16. Approval of the amendment of Article (No. 25) of the company’s articles of association, related to (attending in Assemblies(.

17. Approval of the amendment of Article (No. 26) of the company’s articles of association, related to (the constituent Assembly(.

18. Approval of the amendment of Article (No. 27) of the company’s articles of association, related to (the functions of the constituent Assembly).

19. Approval of the amendment of Article (No. 27) of the company’s articles of association, related to (the functions of the constituent Assembly(.

20. Approval of the amendment of Article (No. 28) of the company’s articles of association, related to (the functions of the Ordinary General Assembly( .

21. Approval of the amendment of Article (No. 30) of the company’s articles of association, related to (calling for Assemblies( .

22. Approval of the amendment of Article (No. 32) of the company’s articles of association, related to (the Quorum required for the Ordinary General Assembly Meeting).

23. Approval of the amendment of Article (No. 33) of the company’s articles of association, related to (the Quorum required for the Extraordinary General Assembly meeting).

24. Approval of the amendment of Article (No. 35) of the company’s articles of association, related to (Assemblies’ Resolutions).

25. Approval of the amendment of Article (No. 36) of the company’s articles of association, related to (discussion in the Assemblies).

26. Approval of the amendment of Article (No. 37) of the company’s articles of association, related to (presiding over Assemblies’ meetings and preparing minutes thereof).

27. Approval of the amendment of Article (No. 39) of the company’s articles of association related to (the appointment of an auditor(.

28. Approval of the amendment of Article (No. 41) of the company’s articles of association, related to (obligations of the auditor).

29. Approval of the amendment of Article (No. 43) of the company’s articles of association, related to (financial documents).

30. Approval of the amendment of Article (No. 45) of the company’s articles of association, related to (Zakat and reserves).

31. Approval of the amendment of Article (No. 49) of the company’s articles of association, related to (the responsibility of members of the Board of Directors).

32. Approval of the amendment of Article (No. 50) of the company’s articles of association, related to (the expiration of the Company).

33. Approval of the Board of Directors’ resolution to appoint Mr. Anuj Agarul as the (Executive) member of the Board of Directors starting from the 22/08/2021 G, completing the Board’s term until the end of the current period on 07/08/2022 G, as a successor of the previous member, Mr. Andreas Brunner- (Executive Member).