Z7_K8M0I8402PTU806OF5GPF03SV3

WATANIYA

19 May, 2025 15:43

The Board of Wataniya invites Wataniya’s Shareholders to attend the ordinary meeting (first meeting and the second after one hour from the first meeting)

Element ListExplanation
Introduction The Board of Wataniya invites Wataniya’s Shareholders to attend the ordinary meeting (first meeting and the second after one hour from the first meeting) via electronic path through TADAWULATY Portal (Virtual Meeting), which will be held on Sunday 19th of Zulhijjah 1446 H corresponding to 15th of June 2025 G
City and Location of the General Assembly's Meeting the Company Head Office – Juffali Building – Madina Road – Jeddah Via modern technology means
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2025-06-15 Corresponding to 1446-12-19
Time of the General Assembly’s Meeting 19:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting The meeting quorum will be at 25% (virtual attendance – voting) and in the event of failing to achieve the required quorum, the AGM will convene within 1 hour from the first meeting, and the quorum will be whichever is the presented shareholders in the meeting
General Assembly Meeting Agenda 1- View the Board of Directors Report for the Financial year ended 31 December 2024 and discuss it. 2- Voting on the External Auditors Report for the Financial Year ended 31 December 2024 upon discussion. (Enclosed) 3- View the Annual Financial Statement as of 31 December 2024 and discuss it. 4- Voting on the appointment of External Auditors from among the candidates based on the Audit Committee’s recommendation, The appointed auditors shall examine, review and audit the interim financial statement of Quarter2, Quarter3, Annual Financial Statement 2025, and Quarter1, 2026. And to approve the Auditors Fees. 5- Approval of appointing a new Board of Directors for the new Board tenure starting June 16th, 2025, for three years which ends on June 15th, 2028. The cumulative voting will take place as per Company bylaws. (Resumes Enclosed) 6- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara, the contract is The Head Office rent Contract and other charges. Transaction during 2024, amounted SR 3,853,512, with No preferential conditions. (Enclosed). 7- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara, the contract is The Renewal of Insurance contract Premiums. Transaction during 2024, amounted SR 760,048, with no preferential conditions. (Enclosed) 8- Voting on the business transaction between SNIC Insurance Co, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara. The contract is renewal of Reinsurance Facultative treaty. Transaction during 2024, amounted SR 663,335, with No preferential conditions. (Enclosed) 9- Voting on the business transaction between Saudi Cement Company, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi. The contract is Insurance Premiums. Transaction during 2024, amounted SR 3,489,191, with No preferential conditions. (Enclosed) 10- Voting on the business transaction between Naghi Group of Companies, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Tahir Aldabbagh (resigned on 1st October 2024). The contract is Insurance Premiums. Transaction during 2024, amounted SR 12,646,029, with no preferential conditions. (Enclosed) 11- Voting on amending Wataniya’s Audit Committee Charter. (Enclosed) 12- Voting on Granting the authorization powers to the Elected Board of Directors as per paragraph (1) from Article (71) in Companies Law, for period of one year from the AGM approval or till the end of the Board term whichever comes first. As per the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. 13- Voting on the payment of the Board of Directors Fees for the Financial Year end 31 December 2024 amounted SR. 2,524,091 (Two Million, five hundred and twenty-four thousand, and ninety one only).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the topics listed in the agenda of the ordinary General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the ordinary General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda All registered shareholders in (EDAA) can vote electronically through (TADAWULATY) as of 01:00 am Wednesday 15th of Zullhijjah 1446 H corresponding to 11th of June 2025, till the end of the meeting. Furthermore, the registration on TADAWULATY will be available to all shareholders free of Charges on the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries in case of any clarification in this regard, please contact the Company’s Shareholders relations department on: info@wataniya.com.sa Land Line: 0122728740 Mobile 0556166122 Or mail us on (Board Secretary – Wataniya Insurance Company – PO Box 5832 – Jeddah 21432.
Additional Information Voting will be available till the completion of the vote counting by the counting committee at the end of the meeting.
Attached Documents  

Other Announcements

SAUDI ARAMCO
2025-06-02

Saudi Arabian Oil Company (Saudi Aramco) announces the completion of issuing international bonds

Read More
RIYADH STEEL
2025-06-02

Addendum Announcement from Riyadh Steel Co. in regards to Announcement of the results of the Extraordinary General Assembly Meeting (First Meeting)

Read More
LUMI
2025-06-02

Lumi Rental Company Announces Signing of a Framework Agreement with the National Unified Procurement Medical Supplies Company (NUPCO) to Provide Medical Supplies Transportation Services

Read More
Z7_K8M0I84021EV8060AAR40C00B7