| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Malath Cooperative Insurance Company is pleased to announce the results of the Ordinary General Assembly Meeting (first Meeting), which was convened at 07:10 p.m. on Sunday 13/01/1448H corresponding to 28/06/2026G, through modern technology, after the legal quorum required to hold the first meeting was completed. |
| City and Location of the General Assembly's Meeting | Malath Cooperative Insurance Co. Headquarter, Riyadh - through means of modern technology (Remotely). |
| Date of the General Assembly's Meeting | 2026-06-28 Corresponding to 1448-01-13 |
| Time of the General Assembly’s Meeting | 19:10 |
| Percentage of Attending Shareholders | 26.26 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attended the meeting: 1.Mr. Bader Ali Al-Ali (Chairman of the Board of Directors). 2.Mr. Amro AbdolRazzaq AlNemari (Vice Chairman of the Board of Directors). 3.Mr. Mamdouh Saud Al Sharhan 4.Mr. Fawaz Abdul Rahman Al-Hijji 5.Mr. Amro Abdullah bin Shalhoub 6.Mr. Yassir Reshaid Al-Reshaid 7.Mr. Salman Nasser Alhawawi 8.Mr. Muhannad Abdulaziz Algasem The Board member, Mr. Mohammed Abdullah Aljumah, did not attend the meeting. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following Committees Chairpersons attended the meeting: 1. Mr. Bader Ali Al-Ali - (Chairman of the Executive Committee) 2.Mr. Said Ahmed Al-Ghamdi- (Chairman of the Audit Committee) 3. Mr. Amro AbdolRazzaq AlNemari - (Chairman of the Risk Committee) 4. Mr. Mamdouh Saud Al Sharhan (Chairman of the Nomination and Remuneration Committee) 5 Mr. Yassir Reshaid Al-Reshaid - (Chairman of the Investment Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Additional Information | For more information, please contact the Shareholders Relations Department by: phone number: 0114168222 Ext: 1213 Or via email to Shareholders Relations Department Email: investor.relation@malath.com.sa |
| Attached Documents | Attached Documents |
Malath Cooperative Insurance Company announces the results of the Ordinary General Assembly Meeting (first Meeting)
AI Summary
- Malath Cooperative Insurance Company shareholders approved the FY 2025 financial statements and the appointment of Al-Ayouti & Partners and Forvis Mazars as external auditors with total fees of SAR 1.2 million.
- Shareholders rejected the proposed SAR 2,538,180 board remuneration for the 2025 fiscal year and declined to delegate General Assembly authorization powers to the Board of Directors.
- The assembly voted against the appointment of Mr. Mamdouh Saud Al Sharhan as an independent director and disapproved the removal of board member Mr. Mohammed Abdullah Aljumah.
- Amendments to the company’s internal governance regulations were approved during the meeting held on June 28, 2026.
Attachments
