Sigma Capital

03-06-2025

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

Source: MIST

Tadawul-


Element List Explanation
Introduction The Board of Directors of the Arab Cooperative Insurance Company is pleased to invite the honorable shareholders to participate and vote at the Ordinary General Assembly meeting (the Seventeenth meeting), which is scheduled to be held through modern technology, at (19:30) on Wednesday 06/25/ 2025 AD corresponding to 12/29/1446 AH.
City and Location of the General Assembly's Meeting Through modern technology means from the Company’s office in Khobar City (using Tadawulaty system)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2025-06-25 Corresponding to 1446-12-29
Time of the General Assembly’s Meeting 19:30
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 Screening Committee.
Quorum for Convening the General Assembly's Meeting The legal quorum for holding the annual general assembly is the presence of shareholders who represent at least 25% of the capital. the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting is valid whatever the number of shares represented in it.
General Assembly Meeting Agenda 1. Reviewing the Board of Directors' report for the ending fiscal year31 December 2024.
2. Reviewing the auditor/s report on the Company’s accounts for the ending fiscal year 31 December 2024 and making decision thereon.

3. Reviewing the financial statements for the ending fiscal year 31 December 2024.

4. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 AD between the company and El-Khereiji Real Estate Company, in which the members of the Board of Directors, Mr. Mohammed Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are insurance contracts for a period of one year without any preferential terms, in the amount of 545,082 Saudi riyals. (Attached)

5. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 AD between the company and El-Khereiji Trading and Electronics company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are insurance contracts for a period of one year without any preferential conditions, for an amount of 28,252 Saudi riyals. (Attached)

6. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 AD between the company and the Saudi Ceramics Company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are insurance contracts for a period of one year without any preferential conditions, amounting to 132,311 Saudi riyals. (Attached)

7. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and Knowledge Enrichment Co., in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are insurance contracts for a period of one year without any preferential conditions, in the amount of 21,610 Saudi riyals. (Attached)

8. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and Al-Khuraiji Contracting Company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are insurance contracts for a period of one year without any preferential conditions, in the amount of 31,469 Saudi riyals. (Attached)

9. Voting on the business transactions and contracts concluded for the fiscal year ending 12/31/2024, between the Company and Chubb Group, of which Chubb INA International Holdings Limited is also a member. The Company is represented by three members of the Board of Directors: Mr. Stephen Brian Dixon, Mr. Giles Richard Ward, and Mr. Nikolai Dmitriev. These transactions consist of reinsurance transactions for one year, without any preferential terms, amounting to SAR 57,317,508. (Attached)

10. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and El-Khereiji Trading and Electronics Company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are lease contracts for buildings, the company’s main office and the Riyadh branch, for a period of one year without any preferential conditions, in the amount of 1,661,857 Saudi riyals. (Attached)

11. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and the General Maintenance Center for cars , in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. This is to provide maintenance services to customers’ vehicles for a period of one year without any preferential conditions for an amount of 3,403,500 Saudi riyals. (Attached)

12. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and Al-Khwarizmi Actuarial Services Company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest, which is to provide actuarial services for a period of one year without any preferential conditions for an amount of 5,000 Saudi riyals. (Attached)

13. Voting on the business and contracts concluded for the fiscal year 12/31/2024 AD between the company and Taysers Reinsurance Brokerage Company, in which the members of the Board of Directors, Mr. Mohammed bin Abdul Karim Al-Khereiji and Mr. Abdulaziz bin Abdul Karim Al-Khereiji, have an indirect interest. These contracts are reinsurance transactions for a period of one year without any preferential terms, amounting to 2,847,647 Saudi Riyals. (Attached)

14. Voting on appointing the (auditor/s) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor/s shall examine, review and audit the (second, and third) quarter and annual financial statements, of the fiscal year 2025 AD., and the first quarter of the fiscal year 2026 AD. and the determination of the auditor's (s’) remunerations.

15. Voting on paying an amount of (SAR 2,013,649) as remuneration to the Board members for the fiscal year ending on 31/12/2024AD.

16. Voting on the deciding of board proposals relating to non-distribution of dividends for the year ended 31 Dec 2024 AD.

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 items listed on the agenda of the Ordinary General Assembly and to pose questions during the Ordinary General Assembly meeting. All shareholders who are registered in Tadawulaty will be able to remotely vote on the Ordinary General Assembly agenda items.
Details of the electronic voting on the Assembly’s agenda Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa Please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Saturday, Dhu'l-H 25, 1446 AH, corresponding to 21/06/2025 AD, at 01:00 am the voting will end once the Annual General Meeting start.
www.tadawulaty.com.sa

Method of Communication in Case of Any Enquiries If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at:
E-mail : Compliance.KSA@chubb.com.sa

138047662