AXA Cooperative Insurance Changes its Name to GIG

The Board of Directors of AXA Cooperative Insurance Company approved, in its meeting held on Monday, to amend the trade name from AXA Cooperative Insurance Company to Gulf Insurance Group “GIG”.

The company said in a statement on Tadawul on Tuesday, that the meeting was held yesterday through modern technology means after the completion of the legal quorum for the validity of the meeting, according to the company’s articles of association, with an attendance rate of 58%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1. Approval on the amended Article (1) company bylaw regarding to Incorporation

2. Approval on the amended Article (2) company bylaw regarding to Company’s Name

3. Approval on the amended Article (3) company bylaw regarding to Purpose of the Company

4. Approval on the amended Article (4) company bylaw regarding to Merge & Acquisition

5. Approval on the amended Article (7) company bylaw regarding to Company’s Investments

6. Approval on the amended Article (12) company bylaw regarding to Trade of shares

7. Approval on the amended Article (13) company bylaw regarding to Capital Increase

8. Approval on the amended Article (14) company bylaw regarding to Capital Reduction

9. Approval on the amended Article (15) company bylaw regarding to Company’s Management

10. Approval on the amended Article (16) company bylaw regarding to Termination of Board Membership

11. Approval on the amended Article (17) company bylaw regarding to Vacant Positions in the Board

12. Approval on the amended Article (18) company bylaw regarding to Board Powers

13. Approval on the amended Article (19) company bylaw regarding to Remuneration of the Board Member

14. Approval on the amended Article (20) company bylaw regarding to Powers of the Chairman, Vice Chairman, Managing Director and Secretary

15. Approval on the amended Article (21) company bylaw regarding to Board Meetings

16. Approval on the amended Article (22) company bylaw regarding to Quorum of the meetings

17. Approval on the amended Article (24) company bylaw regarding to Agreements and Contracts

18. Approval on the amended Article (25) company bylaw regarding to Attendance of General Assemblies

19. Approval on the amended Article (26) company bylaw regarding to Constitutional Assembly

20. Approval on the amended Article (27) company bylaw regarding to Powers of the Constitutional Assembly

21. Approval on the amended Article (28) company bylaw regarding to Powers of the General Assembly

22. Approval on the amended Article (30) company bylaw regarding to Summon for the General Assembly

23. Approval on the amended Article (32) company bylaw regarding to Quorum of the Ordinary General Assembly

24. Approval on the amended Article (33) company bylaw regarding to Quorum of the Extraordinary General Assembly

25. Approval on the amended Article (36) company bylaw regarding to Discussions at Assemblies

26. Approval on the amended Article (39) company bylaw regarding to Auditor Appointment

27. Approval on the amended Article (41) company bylaw regarding to Obligations of the Auditors

28. Approval on the amended Article (43) company bylaw regarding to Financial Documents

29. Approval on the amended Article (45) company bylaw regarding to Zakat, Reserve and Shareholders’ Profits

30. Approval on the amended Article (46) company bylaw regarding to Entitlement in Profits

31. Approval on the amended Article (49) company bylaw regarding to Board of Directors Liability

32. Approval on the amended Article (50) company bylaw regarding to Company’s Dissolution

33. Approval on the amended of the Company name from AXA Cooperative Insurance Company to Gulf Insurance Group