Wataniya Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	The Board of Wataniya invites Wataniya’s Shareholders to attend the ordinary meeting (first meeting) via electronic path through TADAWULATY Portal (Virtual Meeting), which will be held on Thursday 22nd of Zullqiadah 1445 corresponding to 30th of May 2024 G The meeting will be held on (06:30 pm)
City and Location of the General Assembly's Meeting	the Company Head Office – Juffali Building – Madina Road – Jeddah Via modern technology means
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-05-30 Corresponding to 1445-11-22
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	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 counting Committee.
Quorum for Convening the General Assembly's Meeting	The meeting quorum will be at 25% (virtual attendance – voting) and in the event of failing to achieve the required quorum, the AGM will convene after 1 hour from the first meeting, and the quorum will be whichever is the presented shareholders in the meeting.
General Assembly Meeting Agenda	1-View the Board of Directors Report for the Financial year ended 31 December 2023 and discuss it. 2- Voting on the External Auditors Report for the Financial Year ended 31 December 2023 upon discussion. (Enclosed) 3- View the Annual Financial Statement as of 31 December 2023 and discuss it. 4- Voting on the appointment of External Auditors from among the candidates based on the Audit Committee’s recommendation, The appointed auditors shall examine, review and audit the interim financial statement of Quarter2, Quarter3, Annual Financial Statement 2024, and Quarter1, 2025. And to approve the Auditors Fees. 5- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The Head Office rent Contract. Transaction during 2023, amounted SR 3,509,252 (including VAT), with No preferential conditions. (Enclosed). 6- Voting on the business transaction between Digital Excellence Company For Information Systems Technology, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The renewal of IT Maintenance Services Agreement. Transaction during 2023, amounted SR 1,496,915 (including VAT), with No preferential conditions. (Enclosed). 7- Voting on the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies, the contract is The Renewal of Insurance contract Premiums. Transaction during 2023, amounted SR 748,039 (including VAT), with no preferential conditions. (Enclosed) 8- Voting on the business transaction between SNIC Insurance Co, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies. The contract is renewal of Reinsurance Non-Obligatory treaty. Transaction during 2023, amounted SR 1,209,872 (including VAT), with No preferential conditions. (Enclosed) 9- Voting on the business transaction between Saudi Cement Company, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Amin Alafifi as a Director in both Companies. The contract is Insurance Premiums. Transaction during 2023, amounted SR4,508,474 (including VAT), with No preferential conditions. (Enclosed) 10- Voting on the business transaction between Naghi Group of Companies, and Wataniya Insurance Company where there is indirect interest in this contract for Mr. Tahir Aldabbagh as a Director in both Companies. The contract is Insurance Premiums. Transaction during 2023, amounted SR 7,160,826 (including VAT), with no preferential conditions. (Enclosed) 11- Approval of the Board of Directors appointment of Mrs. Abir Abdulelah Kaki as Independent Director starting 28/09/2023 until the end of the current Board Tenure on 25/04/2025 as a successor for Mr. Feras Khalid Aljuraywi (Independent Board Member). (Resume Attached). 12- Voting on amending Wataniya’s Remuneration & Compensation Committee charter. (Enclosed) 13- Voting on the payment of the Board of Directors Fees for the Financial Year end 31 December 2023 amounted SR. 2,341,178 (Two Million, Three hundred and forty-one Thousand, and one hundred seventy-eight).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	All registered shareholders in (EDAA) can vote electronically through (TADAWULATY) as of 01:00 am Sunday 18th Zullqiadah 1445 H corresponding to 26th of May 2024, till the end of the meeting. Furthermore, the registration on TADAWULATY will be available to all shareholders free of Charges on the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries	in case of any clarification in this regard, please contact the Company’s Shareholders relations department on: info@wataniya.com.sa Land Line: 0122728740 Mobile 0556166122 Or mail us on (Board Secretary – Wataniya Insurance Company – PO Box 5832 – Jeddah 21432.
Additional Information	Voting will be available till the completion of the vote counting by the counting committee at the end of the meeting.
Attached Documents