May 1.. “Malath Insurance” GA to discuss financial statements ‎for 2022‎

The Board of Directors of Malath Cooperative Insurance Company called on its shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to take place at exactly (7:00 pm) on Monday corresponding to 05-01-2023 (in attendance) and through technical means modern.

Agenda:

– Reviewing and discussing the report of the Board of Directors for the fiscal year ending on 12/31/2022.

– Reviewing and discussing the financial statements for the fiscal year ending 12/31/2022 AD.

– Voting on and discussing the report of the company’s external auditors for the fiscal year ending on 12/31/2022.

– Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 12-31-2022 AD.

Voting on the appointment of auditors for the company from among the candidates based on the recommendation of the Audit Committee. This is to examine, review and audit the financial statements for the second, third, fourth and annual quarters of the fiscal year 2023 AD, and the first quarter of 2024 AD, and determine their fees.

– Voting on the disbursement of an amount of (2,870,000) riyals as bonuses for members of the Board of Directors for the fiscal year ending on December 31, 2022.

– Voting on amending the work regulations of the Remuneration and Nomination Committee

– Voting on amending the remuneration policy of the Board of Directors, its committees and the executive management.

– To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly, with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint-stock companies

The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing (at least a quarter of the capital). If the necessary quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.

Each shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the meeting of the General Assembly has the right to attend the meeting of the Assembly, according to the rules and regulations.

Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the assembly, starting from one o’clock in the morning) on (Thursday) corresponding to 04-27-2023 AD, until the end of the time of the assembly.