February 4: ACIG to Discuss Appointment of Abdullatif Elmandeel to Board of Directors

The Board of Directors of Allied Cooperative Insurance Group (ACIG) invited shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), scheduled for Tuesday, February 4, 2025, at 6:30 PM.

Agenda of the General Assembly Meeting:

1. Voting on amendments to the company’s Articles of Association to comply with the new Companies Law, including reorganizing and renumbering the articles to reflect the proposed changes (attached).

2. Voting on amending Article (3) of the Articles of Association, related to the purposes of the company (attached).

3. Voting on amending Article (4) of the Articles of Association, related to participation and ownership in companies (attached).

4. Voting on amending Article (5) of the Articles of Association, related to the company’s head office (attached).

5. Voting on amending Article (40) of the Articles of Association, related to Zakat and reserves (attached).

6. Voting on amending Article (41) of the Articles of Association, related to entitlement to profits (attached).

7. Voting on the Board of Directors’ decision to appoint Eng. Abdullatif Saud Elmandeel (independent member) to the Board of Directors starting from October 24, 2024, to complete the current term ending on May 17, 2025. He succeeds the previous member, Mr. Mohamed Jedad Alrasheed (independent member) (CV attached).

Electronic voting will commence on Friday, January 31, 2025, at 1:00 AM and will remain open until the conclusion of the Assembly.