| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Amana Cooperative Insurance Company is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (the first and second meetings will be held one hour apart), scheduled to be held in person and via modern technology, God willing, at 19:50 PM on Thursday, 10-01-1448 AH, corresponding to 25-06-2026 . |
| City and Location of the General Assembly's Meeting | The company's headquarters are in Riyadh, Al-Zahraa district, Platinum building, and virtually via modern technology (remotely). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-25 Corresponding to 1448-01-10 |
| Time of the General Assembly’s Meeting | 19:50 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (31) of the Company's Articles of Association, the Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least 25% of the capital. If the quorum required to hold this meeting is not available, a second meeting shall be held one hour after the expiry of the period specified for holding the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1.View the Board of Directors’ report for the financial year ending on 31/12/2025 and discussing it. 2.View the financial statements for the fiscal year ending on 31/12/2025 and discussing it. 3.Vote on the company’s auditors’ report for the financial year ending on 31/12/2025 after discussing it (attached). 4.Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 31/12/2025. 5.Vote on appointing the company’s auditors based on the recommendation of the Audit Committee. This is to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of 2025, and determine their fees. 6.Vote on disbursing an amount of (1,324,456) Saudi riyals as a reward for the members of the Board of Directors and the committees emanating from it for the fiscal year ending on 31/12/2025. 7.Vote on the business and contracts concluded between the company and Globe Med Saudi Arabia, in which the members of the Board of Directors, Mr. Naif Faisal Al-Sudairy and Mr. Abdul RahmanAbdullah Al-Sakran, have an indirect interest, which is a contract for managing the company’s medical claims without special conditions or benefits, note. The value of transactions for the previous year, 2025, is (14,521,000) Saudi riyals. 8.Vote on the business and contracts concluded between the company and the Al-Saif Group of Companies, in which the member of the Board of Directors, Mr. Naif Faisal Al-Sudairy, has an indirect interest. These are multiple annual insurance policies and paid claims without conditions or special benefits, noting that the value of transactions for the previous year 2025 is (50,000) SR. 9.Voting on the Board of Directors’ decision to appoint Mr. SEIF MOHAMMED ELSEIF as a (non-executive) member of the Board of Directors replacing the member whose membership has expired, Mr. Naif Faisal Al-Sudairy, starting from 23/04/2026 to complete the current term that began on 09/11/2025 and ends on 08/11/2029. 10. Voting on authorizing the Board of Directors with the authority of the Ordinary General Assembly to authorize the license mentioned in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the Executive Regulations of the Companies Law for listed joint-stock companies. |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Attendees are entitled to discuss the topics on the agenda and ask questions. Shareholders registered with Tadawulaty services can vote remotely on the general assembly's agenda items via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Dear shareholders registered in Tadawulaty services will be able to vote electronically remotely on the assembly’s agenda starting from 1:00 AM on Sunday, 06-01-1448 AH corresponding to 21-06-2026, until the end of the assembly’s meeting time. Please note that registration and voting in Tadawulaty services are available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Shareholders' questions and inquiries will be directed to Amana Cooperative Insurance Company by calling: +966114757700, ext. 1410 or by email: fa.alharbi@amana-coop.com.sa |
| Additional Information | Shareholders can attend via modern technology at: https://www.tadawulaty.com.sa Shareholders will be able to ask questions and make inquiries related to the agenda items during the meeting via the broadcast link sent to shareholders via the Tadawulaty service. |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents |
Amana Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Amana Cooperative Insurance Company invited shareholders to an Ordinary General Assembly Meeting on June 25, 2026, to review FY 2025 financial statements and board and auditor reports.
- Shareholders will vote on disbursing SAR 1,324,456 as remuneration for board and committee members for the 2025 fiscal year and discharging board members from liability.
- The agenda includes approving related party contracts for 2025, specifically medical claim management transactions with Globe Med Saudi Arabia (SAR 14.5 million) and insurance policies with Al-Saif Group (SAR 50,000).
- The meeting will address the appointment of Mr. Seif Mohammed Elseif as a non-executive board member to fill a vacancy for a term ending November 8, 2029.
