| Element List | Explanation |
|---|---|
| Introduction | Arabian Shield Coo. Ins. Co. Announces the results of the Ordinary General Assembly meeting (first meeting), which was held 19:15 pm on Wednesday 02/01/1448 corresponding to 17/06/2026 |
| City and Location of the General Assembly's Meeting | The head office of the Company, Riyadh, via modern technology means. |
| Date of the General Assembly's Meeting | 2026-06-17 Corresponding to 1448-01-02 |
| Time of the General Assembly’s Meeting | 19:15 |
| Percentage of Attending Shareholders | 38.69 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Mr. Samer Ibrahim Alwazan- Vice Ch. Mr. Mohammed Ahmed bin Ali Mr. Abdullah bin Abdulrahman AlObaikan Mr. Adel bin Saleh Abalkhail Mr. Raed bin Ali Alseif Mr. Saud bin Abdulaziz Bajubair Mr. Taha Mohammed Azhari Mr. Abdullah AlMeshaal. Absentees: HHP Naif Bin Sultan Bin Mohammed Bin Saud Alkhabeer- Ch. Of the Board |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Taha Azhari - Chairman of the Audit Committee Mr. Muhammed Bin Ali- Chairman of the Nominations and Remunerations Committee Mr. Raed Al Seif - Chairman of the Investment Committee Mr. Sameer Al-Wazzan - Chairman of the Executive Committee Mr. Saud Bajbair - Chairman of the Risk Management Committee Dr. Omar Hafez - Chairman of the Sharia Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Attached Documents | Attached Documents |
Arabian Shield Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved the financial statements, board report, and auditor’s report for the fiscal year ending December 31, 2025, during the Ordinary General Assembly meeting held on June 17, 2026.
- Approved board remuneration totaling SAR 2,345,767 for the 2025 fiscal year and appointed Al-Bassam and Partners (SAR 610,000) and Al-Kharashi and Partners (SAR 580,000) as auditors for 2026 and Q1 2027.
- Authorized high-value unit-linked investment contracts with Saudi National Bank (SAR 1.08 billion) and Alinma Bank (SAR 381.6 million) involving indirect interests of board members.
- Ratified various related-party insurance premium contracts for 2025, most notably with Saudi National Bank (SAR 382.3 million) and Almarai Company (SAR 229.2 million).
Attachments
