| Element List | Explanation |
|---|---|
| Introduction | Salama Cooperative Insurance Company announces the results of the Ordinary General Assembly meeting (the second meeting), which was held on Wednesday evening, 29/04/2026 corresponding to 12/11/1447 at 21:30 PM in presence and through modern technology. The attendance rate for the Second meeting reached (17.67%) of the shares representing the capital, according to the company's Bylaws. |
| City and Location of the General Assembly's Meeting | Jeddah city, In Salama Headquarter Office, In presence and through modern technology (Tadawulaty System). |
| Date of the General Assembly's Meeting | 2026-04-29 Corresponding to 1447-11-12 |
| Time of the General Assembly’s Meeting | 21:30 |
| Percentage of Attending Shareholders | (17.67%) |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Mountasar Mohammed Foudah (Chairman of the Board of Directors) 2- Mr. Fahad Talal Kurdi (Vice Chairman of the Board of Directors) 3- Mr. Bader Khalid Alanzi (Board Member) 4- Mr. Khaled Mohammed Salem Bajnaid (Board Member) 5- Mr. Nasser Dieffullah Alrahili (Board Member) 6- Mr. Omar Basheer Alsayed (Board Member) 7- Mr. Wael Abdulrahman Albassam (Board Member) None of them submitted an apology for their absence. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Mountasar Mohammed Foudah (Chairman of the Executive Committee) Mr. Abdel Fattah Ibrahim Eltawil (Chairman of the Risk Committee) Mr. Wael Abdulrahman Albassam (Chairman of the Nominations and Remunerations Committee) Mr. Fahad Talal Kurdi (Chairman of the Investment Committee) Mr. Khaled Mohammed Salem Bajnaid (Chairman of the Audit Committee) None of them submitted an apology for their absence. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Voting Results of the Ordinary General Assembly's Meeting Agenda: 1- The Board of Directors report for the fiscal year ending on 31-12-2025 was viewed and discussed. 2- Approval on the company's auditor's report for the fiscal year ending 12/31/2025 after its discussion. 3- The financial statements for the fiscal year ending on 31-12-2025 was viewed and discussed. 4- Approval on absolving the Board of Directors from their liabilities pertaining to the management of the company for the fiscal year ended 31/12/2025. 5- Non-Approval on paying an amount of (1,967,301) SR as remuneration to the Board members for the Fiscal year ended on 31/12/2025. 6- Approval on authorizing the Board of Directors with the General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for 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 mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. 7- Approval on appointing the auditor for the company from the selected candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the (second and third) quarters and annual financial statements of the fiscal year 2026, and the first quarters of the fiscal year 2027. In addition to, the determination of the auditor’s remuneration: 1- KPMG Office with fees amounting to SAR 1,050,000 2- RSM Office with fees amounting to SAR 650,000 |
| Additional Information | Not applicable |
| Attached Documents | Attached Documents |
