Gulf General GA Elects 9 Members of Board of Directors

The Gulf General Cooperative Insurance Company announced on Tuesday the results of the Ordinary General Assembly meeting (second meeting), due to the lack of a quorum in the first meeting, and accordingly, the second meeting was held Monday 11.04.2022, the percentage of attending Shareholders was 14.6% via modern technology means.

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

1. Approval of the election of members of the Board of Directors from among the candidates for the next term, commencing from the date of the Ordinary General Assembly dated 11.04.2022 for a term of three years, ending on 10.04.2025.

The elected board members are:

1. Mr. Abdelwahab Musab Abdelwahab Abukwik (Independent member)

2. Dr. Ahmed Sirag Abdulrahman Khogeer (Independent member)

3. Mr. Jamal Abdullah AlDabbagh (Nonexecutive member)

4. Mr. Majed Diaauddin Kareem (Nonexecutive member)

5. Mr. Saud Abdulaziz AlSulaiman (Nonexecutive member)

6. Mr. Taher Mohammed Omar Agueel (Nonexecutive member)

7. Mr. Mohammadzaher Salahuddin Almunajjed (Nonexecutive member)

8. Dr. Faisal Adnan Baassiri (Independent member)

9. Mr. Mohamed Husnee Jazeel (Nonexecutive member)

2. Approval of the formation of the Audit Committee, specifying its duties, work regulations, and remuneration of its members for the new term, commencing from the date of Ordinary General Assembly dated 11.04.2022 for a term of three years, ending on 10.04.2025. Note that the members are:

a. Jawdat Musa Alhalabi – Independent Member

b. Mohammed Hasan Daghistani – Member from outside the Board

c. Faisal Rashid Faruqi – Member from outside the Board

3. Approval of the amendment of the Audit Committee Charter

4. Approval of the amendment of the Standards and procedures for membership of the Board of Directors policy

5. Approval of the discharge of the Board of Directors from their liabilities from the date term ended on 16.02.2022 until the date of the AGM 11.04.2022.