Malath Insurance invites shareholders to attend GA

Malath Cooperative Insurance Co. issued an addendum announcement to invite its Shareholders to attend the (First Meeting) Ordinary General Assembly Meeting.

The shareholder will be asked to vote on the following agenda items:

1. Voting on the Board of Directors` report for the fiscal year ended on 31/12/2021. (Attached)
2. Voting on the Auditors Report for the fiscal year ended on 31/12/2021. (Attached)
3. Voting on the Financial Statements for the fiscal year ended on 31/12/2021. (Attached)
4. Voting on the absolving the Board of Directors from their liabilities pertaining to the management of the company for the fiscal year ended 31/12/2021.
5. Voting on paying an amount of (1,400,000) SR as remuneration to the Board members for the Fascial year ended on 31/12/2021.
6. Voting on the appointment of the External Auditors for the Company’s from the nominees, and determine their fees based on the Audit Committee recommendation to the Board of Directors in this regard, to review and audit the Company’s Interim Financial Statements for the second, third, fourth quarters and Annual of the fiscal year 2022. and first quarter of fiscal year 2023. (Attached)
7. Voting for election of the Board members from among the candidates for the next term, starting from the date of the General Assembly on 21/04/2022 meeting for a term of three years, ending on 05/04/2025 (Candidates’ CVs attached).
8. Voting on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term of three years starting from the date of the General Assembly meeting on 21/04/2022 until the end of the term on 05/04/2025, The following are the names of the candidates, (whose CVs are attached):

-MR. Amro Abdolrazzq Alnemari.

-MR. Saleh Abdulrahman AlIsmail.

-MR. Saad Saud Altayyar.

-MR. Tariq Mohammed Alshoqiran.

1. Voting on the approval of the Board of Directors businesses during the end of the Board of Directors period on 05-04-2022 until the Assembly General Meeting on 21-04-2022.