Allianz Saudi Fransi GA votes to amend the Article of Association

The Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company is pleased to invite the shareholders to participate in the Extraordinary General Assembly meeting (the first meeting), which will be held at (6:30 PM) in the evening of Wednesday 25 Jumada Al-Awwal1443 AH corresponding to December 29, 2021 Which will be held at the company’s headquarters in Riyadh – Al-Malaz District by modern technology using the Tadawulaty system (link to the Tadawulaty website: www.tadawulaty.com.sa).

It will be held in this way, for the safety of shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take preventive measures necessary to prevent its spread.

Each of the shareholders registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the assembly meeting shall have the right to register his electronic attendance and vote using the Tadawulaty System at the assembly meeting as per laws and regulations

The right to register attendance at the assembly meeting shall end at the time of the assembly meeting, and that the right to vote on the topics of the assembly agenda for those attending shall end when the vote counting committee finishes counting the votes.

The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing half of the capital, at least. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour post the end of the time determined for convening the first meeting, and the second meeting will be valid if attended by a number of shareholders representing (a quarter) of the capital, at least.

General Assembly Meeting Agenda     To vote on the following topics:

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

2) To vote on the amendment of Article (No. 3) of the company’s articles of association, related to (the Objectives of the Company) .

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

4) To vote on the amendment of Article (No. 7) of the company’s articles of association, related to (the Company’s Investments).

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

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

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

8) To vote on 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) To vote on the amendment of Article (No. 17) of the company’s articles of association, related to (the vacant position in the board).

10) To vote on the amendment of Article (No. 18) of the company’s articles of association related to (the authority of the board).

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

12) To vote on 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) To vote on the amendment of Article (No. 21) of the company’s articles of association, related to (the Board of Directors’ meetings).

14) To vote on 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) To vote on the amendment of Article (No. 24) of the company’s articles of association, related to (agreements and contracts) .

16) To vote on the amendment of Article (No. 25) of the company’s articles of association, related to (Attending in Assemblies).

17) To vote on the amendment of Article (No. 26) of the company’s articles of association, related to (the Constituent Assembly).

18) To vote on the amendment of Article (No. 27) of the company’s articles of association, related to (the functions of the constituent assembly).

19) To vote on the amendment of Article (No. 28) of the company’s articles of association, related to (the functions of the Ordinary General Assembly).

20) To vote on the amendment of Article (No. 30) of the company’s articles of association, related to (calling for assemblies).

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

22) To vote on the amendment of Article (No. 33) of the company’s articles of association, related to (the Quorum required for the Extraordinary General Assembly Meeting).

23) To vote on the amendment of Article (No. 35) of the company’s articles of association, related to (Assemblies’ Resolutions).

24) To vote on the amendment of Article (No. 36) of the company’s articles of association, related to (discussion in the assemblies).

25) To vote on the amendment of Article (No. 37) of the company’s articles of association, related to (presiding over assemblies’ meetings and preparing minutes thereof).

26) To vote on the amendment of Article (No. 39) of the company’s articles of association related to (the appointment of an auditor).

27) To vote on the amendment of Article (No. 41) of the company’s articles of association, related to (obligations of the auditor).

28) To vote on the amendment of Article (No. 43) of the company’s articles of association, related to (financial documents).

29) To vote on the amendment of Article (No. 45) of the company’s articles of association, related to (Zakat and Reserves).

30) To vote on the amendment of Article (No. 49) of the company’s articles of association, related to (the responsibility of members of the board of directors).

31) To vote on the amendment of Article (No. 50) of the company’s articles of association, related to (the expiration of the company).

32) To vote on 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)