AICC GA Votes June 30 on Company’s Auditors’ Report

The Arabia Insurance Cooperative Co. (AICC) announced on Wednesday that its Board of Directors invited shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which will be held on June 30.

According to the company’s statement on Tadawul, the Meeting’s agenda will be as follows:

1- Review and discuss the financial statements for the fiscal year ending Dec. 31, 2024.

2- Vote on the company’s auditors’ report for the fiscal year ending Dec. 31, 2024, after discussing it.

3- Review and discuss the Board of Directors’ report for the fiscal year ending Dec. 31, 2024.

4- Vote on the appointment of the company’s auditors from among the candidates nominated by the Audit Committee, based on the recommendation of the audit committee, to examine, review and audit the financial statements for the second and third quarters, the annual financial statements for the fiscal year 2025, and the first quarter of the fiscal year 2026, and determine their fees.

5- Vote to discharge the Board of Directors from liability for the fiscal year ending Dec. 31, 2024.

6- Vote to disburse SAR 1,500,000 as remuneration to the Board of Directors for the fiscal year ending Dec. 31, 2024.

7- Vote on the Competition Standards Policy.

8- Vote to authorise the Board of Directors to exercise the powers of the Ordinary General Assembly to authorise the Board pursuant to 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 term of the authorised Board, whichever comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for Listed Joint-Stock Companies.