Gulf General Insurance GA to vote on amendments at November 7 meeting

Gulf General Cooperative Insurance Company’s Board of Directors has invited shareholders to participate and vote in the Extraordinary General Assembly (third meeting), scheduled for Nov. 7, 2024, via virtual technology.

The agenda includes voting on the following items:

1. Amendments to the company’s bylaws to align with the new Companies Law;
2. Amendment of Article 4 of the bylaws concerning partnership and acquisition in companies;
3. Amendment of Article 5 of the bylaws regarding the company’s head office;
4. Amendment of Article 7 of the bylaws related to the company’s investments;
5. Amendment of Article 17 of the bylaws concerning vacant positions on the Board of Directors;
6. Amendment of Article 38 of the bylaws relating to Board of Directors’ committees;
7. Amendment of Article 46 of the bylaws concerning entitlement to profits;
8. Amendments to the company’s corporate governance regulations; and
9. Amendments to the remuneration and compensation policy for Board members, committees, and executive management.