| Element List | Explanation |
|---|---|
| Introduction | Gulf Union Al Ahlia Cooperative Insurance Co. announces the results of the Ordinary General Assembly meeting (First meeting), which was held on Tuesday evening, 01/01/1448H (corresponding to 16/06/2026G), at (07:00 PM) through modern technology, after the legal quorum required to hold the first meeting has been met. Percentage of Attending Shareholders for the First meeting reached (36.67214%) The voting on the meeting agenda was done using Tadawulaty Platform only. |
| City and Location of the General Assembly's Meeting | Head Office of the company in Dammam - Al-Khalidiya Al-Janubiyah - Salman Al-Farsi Street - Unit 1,2,3 of Q2 in the Business Quarter, through modern technology using electronic voting via Tadawulaty Platform only. |
| Date of the General Assembly's Meeting | 2026-06-16 Corresponding to 1448-01-01 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 36.67214% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Attendees: the meeting was attended by all the following Board Members - Mr. Abdulaziz Ali Al Turki - Chairman - Mr. Mohannad Saud Al Fayez– Vice Chairman - Mr. Munir Hashem Al Borno - Mr. Mesheal Ibrahim Al Shayea - Mr. Abdulaziz Abdullah Al Naim - Mr. Ahmed Mohammed Al Salem - Mr. Zaid Saad Al Katheiry Absentees: No absentees – All Board members attended 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 | - Mr. Abdulaziz Ali Al Turki – Executive Committee Chairman - Mr. Abdulaziz Abdullah Al Naim – Audit Committee Chairman and Investment Committee Chairman - Mr. Ahmed Mohammed Al Salem –Nomination & Remuneration Committee Chairman |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached the Results As per the attached results, All agenda items have been approved |
| Attached Documents | Attached Documents |
Gulf Union Al Ahlia Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting, (First Meeting)
AI Summary
- Gulf Union Al Ahlia shareholders approved all agenda items during the Ordinary General Assembly meeting held on June 16, 2026, including the financial statements and auditor's report for the fiscal year ending December 31, 2025.
- Shareholders approved the appointment of Crowe Solution for Professional Consulting (SAR 650,000) and Forvis Mazars (SAR 700,000) as auditors for the Q2, Q3, and annual 2026 financial statements, plus Q1 2027.
- Related party transactions for 2025 were approved, including insurance policies with Rawabi Holding Group worth SAR 33,759,147 and contracts with Al Muhaidib Group totaling approximately SAR 9.5 million for insurance and rent.
- The assembly ratified the appointment of Mr. Abdulaziz Abdullah Al Naim as an independent board member to complete the current term ending December 16, 2029.
Attachments
