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Allied Cooperative Insurance Group Board of Directors invites its shareholders to attend the Extraordinary General Assembly meeting (the first meeting) by means of modern technology

8150
ACIG
-0.35 %
1446/07/14     14/01/2025 09:46:29

Element ListExplanation
Introduction The Board of Directors of Allied Cooperative Insurance Group – ACIG- is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held through modern technology using Tadawulaty system, God willing, on Tuesday 05-08-1446H corresponding to 04-02-2025G at (06:30) pm.
City and Location of the General Assembly's Meeting The company's head office in Riyadh - through modern technology
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2025-02-04 Corresponding to 1446-08-05
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders registered in the issuer's shareholders register at the Depository Center shall have the right to attend at the end of the trading session preceding the general assembly meeting and in accordance with the rules and regulations. Also, the eligibility to register attendance for the assembly meeting ends at the time of the assembly meeting, and the eligibility to vote on the items of the assembly for those present ends when the counting committee finishes counting the votes.
Quorum for Convening the General Assembly's Meeting The extraordinary general assembly meeting shall be valid if attended by shareholders representing at least half of the capital. If the quorum for this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid if attended by shareholders representing at least one quarter of the capital.
General Assembly Meeting Agenda 1- Voting on amending the company's articles of association to comply with the new companies law and rearranging the articles of the system and numbering them to comply with the proposed amendments. (attached)

2-Voting on amending Article (Three) of the Company's Articles of Association, related to (the purposes of the company).( attached)

3-Voting on amending Article (Four) of the Company's Articles of Association, related to (participation and ownership in companies). ( attached)

4-Voting on amending Article (Five) of the Company's Articles of Association, related to (the company's head office). ( attached)

5-Voting on amending Article (Forty) of the Company's Articles of Association, related to (Zakat and Reserves). ( attached)

6-Voting on amending Article (Forty-One) of the Company's Articles of Association, related to (Entitlement to Profits). ( attached)

7-Voting on the Board of Directors’ decision to appoint Eng. Abdullatif Saud Elmandeel (independent member) to the Board of Directors starting from the date of his appointment 24-10-2024 AD to complete the Board’s session until the end of the current session on 17-05-2025 AD, succeeding the previous member Mr. Mohamed Jedad Alrasheed (independent member) (CV attached)

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 agenda of the Assembly and ask questions

Shareholders registered in Tadawulaty services can vote remotely on the meeting items through the Tadawulaty website at the following link:

(https://www.tadawulaty.com.sa)

Note that registration on Tadawulaty website and voting are available free of charge to all shareholders.

Details of the electronic voting on the Assembly’s agenda Shareholders can vote remotely on the agenda of the General Assembly through the electronic voting service, which will be available to shareholders registered on the Tadawulaty website starting from Friday 01-08-1446H corresponding to 31-01-2025 at (1:00 am), until the end of the time of the Assembly, and registration and voting in Tadawulaty services will be available and free of charge for all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries In case of any inquiries, please contact Dr. Hisham Mesfer Al-Bishr Phone: 011-263 95 29, or via e-mail Hesham.Albeshr@acig.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 17.22
Net Change -0.06 (-0.35%)
Value Traded (Sar) 13,014,732.46
Volume Traded 752,009
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