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ALETIHAD

30 April, 2025 16:17

Al-Etihad Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Element ListExplanation
Introduction Board Of Directors Of Al Etihad Cooperative Insurance Company Is Pleased To Invite The Shareholders To Participate And Vote In The Ordinary General Assembly Meeting (First Meeting) On Wednesday, 23/11/1446Ah - 21/05/2025 AD At 7:00pm Through Modern Technology.
City and Location of the General Assembly's Meeting The Company Head Office in Dhahran - King Fahad Road https://maps.app.goo.gl/251ZNTufMAwWaRTC9 – (By means of modern technology Using the Tadawulaty Portal)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2025-05-21 Corresponding to 1446-11-23
Time of the General Assembly’s Meeting 19:00
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 Ordinary General Assembly meeting will be valid if it is attended by shareholders representing (at least a quarter of the capital), and if the quorum required to hold this meeting is not met, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented.
General Assembly Meeting Agenda 1- Review the report of the company’s Board of Directors for the fiscal year ending on 31/12/2024 AD and discuss it. 2- Voting on the company’s auditor’s report for the fiscal year ending on 31/12/2024 after discussing it 3- Review the company’s financial statements for the fiscal year ending 31/12/2024 AD and discuss them. 4- Voting on the discharge of the members of the board of directors for the fiscal year ended 31/12/2024 AD. 5- Voting on disbursing an amount of (1,400,000) riyals as a reward to members of the company’s Board of Directors for the fiscal year ending on 31/12/2024 AD. 6. Voting on the recommendation of the Board of Directors to distribute cash dividends in the amount of (30,000,000) riyals to shareholders for the fiscal period (31-12-2024), (0.6 riyals per share), provided that the eligibility is for shareholders who own shares at the end of trading session on the day of the general assembly and who are registered in the company's shareholders register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the general assembly, provided that the distribution of dividends begins on Tuesday 3-6-2025 7- Voting on delegating the board of directors the authority of the Ordinary General Assembly with the license contained in Paragraph (1) of the twenty-seventh article of the companies law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of directors, whichever is earlier, in accordance with the conditions set out in the executive regulations of the companies law for listed Joint Stock Companies. 8- Voting on appointing the company’s auditors among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for 2nd, 3rd quarters and the annual financial statements for the fiscal year ending on 31/12/2025 AD and the 1st quarter of the financial year ending 31/12/2026 AD, and determining their fees.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions to board of directors members. Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: https://tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items, starting at one o’clock on Saturday, 19/11/1446, corresponding to 17/05/2025, until the end of the assembly meeting time. Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: https://tadawulaty.com.sa
Method of Communication in Case of Any Enquiries For any inquiries, please contact the investors relations department through the following communication channels: Phone No. (013 8164555) Mobile No. (0598805053) or Email: a.alamri@aletihad.sa
Additional Information We would like to note that there will be a live video and audio broadcast of the Ordinary General Assembly Meeting through the link available at (Tadawulaty).
Attached Documents              

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