| Element List | Explanation |
|---|---|
| Introduction | The United Cooperative Assurance Company announces the Ordinary General Meeting’s results (First Meeting), which was held at 19:45 PM on Wednesday 09 Muharam 1448H Corresponding to 24 June 2026 by attendance and through modern technology. |
| City and Location of the General Assembly's Meeting | The Company’s Ordinary General Assembly Meeting was held by attendance and through modern technology means from the Company’s Head Office in Riyadh- AlNarjis District – Othman Bin Afan Road. |
| Date of the General Assembly's Meeting | 2026-06-24 Corresponding to 1448-01-09 |
| Time of the General Assembly’s Meeting | 19:45 |
| Percentage of Attending Shareholders | 37.07 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members have attended the General Assembly Meeting : • Mr. Khaled Hussein Alireza (The Chairman of the Board ) • Mr. Khaled Ahmed AlHamdan (The Vice Chairman of the Board) • Mr. Mohammed Abdullah AlYahya. • Mr. Mansour Abdulaziz AlSaghayer. • Mr. Bahaa Aldeen Khashogji. • Mr. Khalid Mohammed Alqazlan • Mrs. Bodour Ibrahim Altuwaijri |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | • Mr. Mr. Khaled Hussein Alireza (Chairman of the Executive Committee) • Mr. Mohammed Al Yahya (Chairman of the Audit Committee). • Mrs. Bodour Altuwaijri (Chairwoman of the Investment Committee). • Mr. Bahaa Aldeen Khashogji (Chairman of the Risk Committee) • Mr. Khaled Alqazlan (Chairman of the Nomination & Remuneration Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Item (1) The Board of Directors report for the fiscal year ending on 31 December 2025 has been viewed and discussed. Item (2) The report of the Company’s auditor for the financial year ending on 31 December 2025 has been discussed & approved. Item (3) The Financial Statements for the fiscal year ending on 31 December 2025 has been viewed and discussed. Item (4) Approve the discharge of the Board of Directors members liabilities for the fiscal year ended on 31 December 2025. Item (5) Approve delegating the Board of Directors the authorization powers of the General Assembly as stipulated in paragraph (1) of Article 27 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 delegated Board of Director's term, whichever is earlier, in accordance with the conditions contained in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. Item (6) Approve the appointment of : - Ibrahim Albassam and Partners (PKF) with a total fee of SAR (1,250,000). - Elsayed Elayouti & Co ( Moore) with a total fee of SAR (790,000) As the Company’s External Auditors from among the candidates, based on the Audit Committee’s recommendation, to examine, review and audit the financial statements for Q2, Q3 and annual financial statements for the year 2026, as well as Q1 of the year 2027. |
United Cooperative Assurance Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- United Cooperative Assurance Co. held its Ordinary General Assembly on June 24, 2026, with a shareholder attendance of 37.07%.
- Shareholders approved the auditor’s report and the discharge of Board of Directors members from liability for the fiscal year ending December 31, 2025.
- Appointed external auditors Ibrahim Albassam and Partners (PKF) for a fee of SAR 1,250,000 and Elsayed Elayouti & Co (Moore) for SAR 790,000 to review financial statements for 2026 and Q1 2027.
- Approved delegating the General Assembly's authorization powers to the Board of Directors for one year in accordance with Article 27 of the Companies Law.
