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The United Cooperative Assurance Company announces its invitation to its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) by means of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the United Cooperative Assurance Company is pleased to invite its shareholders to attend the Ordinary General Assembly meeting (the first meeting), which will be held at 19:00 PM Tuesday 07 Jumada Alawal 1445H corresponding to 21 November 2023 by means of modern technology. |
| City and Location of the General Assembly's Meeting | At the Company’s Head Office in Riyadh – Bin Saeedan Tower – King Fahad Road By means of Modern Technology. |
| URL for the Meeting Location | http://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-11-21 Corresponding to 1445-05-07 |
| Time of the General Assembly's Meeting | 19:00 |
| Attendance Eligibility | The shareholders registered in the Company’s Shareholders register at Edaa Center at the end of the trading session preceding the assembly meeting according to the Rules and Regulations. The shareholder has the right to discuss the topics on the agenda of the assembly and ask questions . |
| Quorum for Convening the General Assembly's Meeting | As per Article (32) of the Company Articles of Association, the quorum for holding the Ordinary General Assembly meeting is the presence of shareholders representing at least (25%) of the share capital. If such quorum is not met, a second meeting shall be held within an hour following the time set for the first meeting, and the second meeting will be valid whatever the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting for election of the Board members from among the candidates for the next term, commencing from 13 January 2024 for a term of three years ending on 12 January 2027. (Candidates' CVs attached) 2. Voting on amending the Audit Committee Charter. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website www.tadawulaty.com.sa. The remote voting will start at 1:00AM Friday 03 Jumada Alawal 1445H corresponding to 17 November 2023 until the end of the time of the assembly. Shareholder questions and inquires on the general assembly items will be received starting from Friday 03 Jumada Alawal 1445H corresponding to 17 November 2023 till the end time of the general assembly via the Email: Shareholder.affairs@uca.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | Shareholder questions and inquiry on the general assembly items will be received starting from Friday 03 Jumada Alawal 1445H corresponding to 17 November 2023 till the end time of the general assembly via the Email: Shareholder.affairs@uca.com.sa |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 12.4
Net Change -0.22 (-1.74%)
Value Traded (Sar) 13,954,551.88
Volume Traded 1,119,283
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