Saudi Reinsurance Company “Saudi Re” invites its shareholders to attend the General Assembly Meeting (First Meeting) by means of
modern technology
The Board of Directors of the Saudi Reinsurance Company "Saudi Re" is pleased to invite the honorable
shareholders to attend the General Assembly meeting which will be held virtually through the modern technology means via (www.tadawulaty.com.sa) scheduled 19:00 on Wednesday 10/10/1443H corresponding to 11/05/2022,
City and Location of the General Assembly's Meeting:
Kingdom of Saudi Arabia - Riyadh City - Company’s Head Office – Via Modern Technology Means.
Link to the venue of the meeting:
www.tadawulaty.com.sa
Electronic voting:
Shareholders registered in "Tadawulaty" services can vote on the items of the General Assembly starting from 10 a.m. on Saturday 06/10/1443H corresponding to 07/05/2022 until the end of the General Assembly, and registration and voting on Tadawulaty will be available and free for all shareholders using the following link:
www.tadawulaty.com.sa
Date of the General Assembly's Meeting:
2022-05-11 Corresponding to 1443-10-10
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Time of the General Assembly's Meeting:
19:00
Attendance Eligibility:
Shareholders registered in the issuer's shareholder register at the Depository Center at the end of the trading session preceding the general assembly meeting, and according to the rules and regulations.
Quorum for Convening the General Assembly's Meeting:
In order for this assembly to be valid, a number of shareholders representing 25% of the capital is required. If this quorum is not available at the first meeting, a second meeting will be held One hour after the end of the first meeting period. The second meeting shall be valid irrespective of the number of shares represented therein.
Method of Communication:
For inquiries, please contact the Investors relations department on +966 11 510 2000 ext. 181 Also you can direct your inquiries to the email of the Investor relations Department on:
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General Assembly Meeting Agenda:
Item One
Voting on the Board of Directors' report for the financial year ending on December 31st, 2021.
https://www.saudiexchange.sa/Resources/fsPdf/504_0_2022-03-31_08-35-30_En.pdf
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Item Two
Voting on the auditor’s report for the financial year ending on December 31st, 2021.
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Item Three
Vote on the company's financial statements for the financial year ending on December 31st, 2021.
https://www.saudiexchange.sa/Resources/fsPdf/504_0_2022-03-31_17-01-05_En.pdf
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Item Four
Vote to discharge the members of Board of Directors from liability for their management of the Company during the financial year ending on December 31st,
2021.
Item Five
Voting on the Sustainability and Social Responsibility Policy.
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Item six
Voting on the business and contracts that will be concluded between the company and the "Probitas Corporate Capital" company, in which there is an indirect interest for each of the Chairman of the Board of Directors Mr. Hisham Abdul-Malik Al Al- Sheikh, the Managing Director and CEO, Mr. Fahad Abdulrahman Al-Hesni, and a member of the Board of Directors Mr Jean-Luc Gourgeon for their membership in
the Board of Directors of "Probitas Bermuda Holding", the owner of " Probitas Corporate Capital". In addition, a member of the Board of Directors, Mr. Jean-Luc
Gourgeon, has an indirect interest in his membership in the board of directors of
"Probitas Corporate Capital", which are reinsurance contracts, noting that the value of transactions during the financial year ending December 31st, 2021 is estimated at
193,797,392 Saudi Riyals, without preferential conditions
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Item Seven
Voting on the business and contracts that will be concluded between the company and the board of directors of the company Mr.Jean-Luc Gourgeon in it which is to provide consulting services in the field of reinsurance, noting that the value of the contract for the financial year ending December 31st, 2021 amounted to 186,957
Saudi Riyals without conditions Preferential.
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Item Eight
Vote to discharge the members of Board of Directors from liability for their management of the Company during the financial year ending on December 31st, 2021.
