| Element List | Explanation |
|---|---|
| Introduction | AL Sagr Board is pleased to announce the results of the ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | Dammam, AL Sagr headquarters - In person and via modern technology means (Online) |
| Date of the General Assembly's Meeting | 2026-06-22 Corresponding to 1448-01-07 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 35.20 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the General Assembly meeting in person and via modern technology: 1- Mr. Majed Ahmed Al – Suwaigh - Chairman of Board of Directors. 2- Mr. Rasheid bin Sulaiman Al-Rasheed- VP of Board of Directors. 3- Mr. Saud Saleh Al-Arifi. 4- Mr. Mohamed Abdulaziz Al-Nuaim. 5- Mr. Sami Ahmed Al- Babtain. 6- Mr. Ahmed Kadher Al- Baqshi. 7- Mr. Sultan Abdulaziz Al- Suwaidi. 8- Mr. Naif Rashed Al- Arfaj. The following Board member was absent. 1- Mr. Abdel Mohsen Jaber- Chairman of Investment Committee. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Mr. Majed Ahmed Al-Suwaigh – (Chairman of Executive Committee). 2- Mr. Sami A. Al-Babtain – (Chairman of Audit Committee). 3- Mr. Rasheid bin Sulaiman Al-Rasheed- (Chairman of Risk Committee). 4- Mr. Mohamed Abdulaziz Al-Nuaim. (Chairman of Nominations and Remuneration Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Attached Documents | Attached Documents |
Al Sagr Cooperative Insurance Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved the financial statements and auditor's report for the fiscal year ended December 31, 2025, and appointed PKF (SAR 740,000 fee) and BDO (SAR 675,000 fee) as external auditors for the 2026 fiscal year and Q1 2027.
- The Assembly authorized filing liability lawsuits against former Chairman Saud Saleh Al-Arifi and former Managing Director Dr. Yasser Mohammed Al-Harbi, granting the Board power to take necessary legal actions.
- Approvals were granted for the appointments of Mr. Rashid Sulaiman Al-Rashid and Mr. Naif Rashid Al-Arfaj as independent board members to complete the current term ending November 22, 2026.
- An exceptional remuneration of SAR 125,000 was approved for the Chairman of the Board for the 2025 fiscal year in recognition of organizational stability and governance enhancements.
Attachments
