Aljazira Takaful GA Agrees to Elect 9 Members of BOD

Aljazira Takaful Taawuni Company announced on Monday the results of the Ordinary General Assembly meeting ( The first Meeting), which was held on Sunday 17-07-2022 after reaching the qualifying quorum for convening the meeting according to the company’s bylaw.

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

1. Approval on delegate the Board of Directors for the next term which will start from of AGM July 17, 2022 with the authority of the General Assembly with the license mentioned in Section (1) of Article (71) of the Companies Law, for a one-year period effective upon the AGM approval date or up to ending of the authorized Board term, whichever is earlier, in accordance with the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.

2. Approval on 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 17/07/2022 for a term of three years, ending on 16/07/2025

1) Abdulmajeed Ibrahim Al sultan (Non- Executive)

2) Naif Abdulkareem Al Abdulkareem (Non- Executive)

3) Khalid Othman Al Othman (Non- Executive)

4) Naif mesned Almesned (Non- Executive)

5) Ashraf Adnan Besisu (Non- Executive)

6) Ibrahim Mohammed Al Hurabi (Independent)

7) Yahya Saleh Al Mansour (Independent)

8) Abdulkareem Hamad Alnjeedi (Independent)

9) Sager Abdullatif Nader shah (Executive)

3. Approval on the formation of the Audit Committee, specifying its duties, work regulations, and remuneration of its members for the new term, from the date of the Ordinary General Assembly dated 17/07/2022 for a term of three years, ending on 16/07/2025. Note that the members are as follows:

I. Ibrahim Mohammed Al-Hurabi (Independent)

II. Abdulkareem Abdullah Alshamikh (Independent)

III. Khalid Mohammed Alkhwaiter (Independent)

4. Approval on the discharge of the Board of Directors from their liabilities from the date term ended on 01/07/2022 until the date of the AGM 17/07/2022.