October 31: Alalamiya Insurance GA discusses amending ‎company’s governance manual

The Board of Directors of Alalamiya Cooperative Insurance Company invited shareholders to participate and vote in the fifth extraordinary general assembly meeting (first meeting), which is scheduled to be held at 08:30 pm on Tuesday, October 31, through modern technological means using the Tadawulati system, as the items include: Vote on amending the company’s governance manual

Each shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the General Assembly meeting has the right to attend the Assembly meeting in accordance with the rules and regulations. The shareholder has the right to discuss topics on the assembly’s agenda and ask questions.

Based on Article (33) of the company’s bylaws, the extraordinary general assembly meeting is valid if it is attended by shareholders representing at least half of the capital. If the quorum necessary to hold this meeting is not available, the second meeting will be held an hour after the end of the specified period. To hold the first meeting, and the second meeting is valid if attended by shareholders representing at least a quarter of the capital.