Wataniya Insurance Company Invites its shareholders to attend the Ordinary meeting (First meeting)

The Board of Wataniya is pleased to invite Wataniya’s Shareholders to attend the first ordinary meeting of 2022 via electronic path through TADAWULATY Portal (Virtual Meeting), which will be held on Monday 24th of Ramadan 1443H corresponding to 25th of April 2022G at (10:30 pm). The meeting will be held at the Company Head Office – Jufflai Building – Madina Road – Jeddah through  www.tadawulaty.com.sa, to discuss the following agenda:

1-Approval of the Board of Directors Report for the Financial year ended 31 December 2021.

2-Approval of the External Auditors Report for the Financial Year ended 31 December 2021. (Enclosed)

3-Approval of the Annual Financial Statement as of 31 December 2021.

4- Approval of the appointment of External Auditors based on the Audit Committee’s recommendation, to audit the interim financial statement of Quarter2, Quarter3, Annual Financial Statement 2022, and the Quarter1, 2023. And to approve their Fees.

5- Approval of appointing a new Board of Directors for the new Board tenure starting April 26th, 2022, for three years which ends on April 25th, 2025. The cumulative voting will take place as per Company bylaws. (Resumes Enclosed)

6- Approval of the business transaction between E A Juffali & Bros, and Wataniya Insurance Company where there is a direct interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies. Contract is Head Office rent. Transaction during 2021 amounted SR 3.966 million with No preferential conditions. (Enclosed)

7- Approval of the business transaction between SNIC Insurance Co, and Wataniya Insurance Company where there is a direct interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies. Contract is renewal of Reinsurance Non-Obligatory treaty. Transaction during 2021 amounted SR 1.519 million with No preferential conditions. (Enclosed)

8- Approval of the business transaction between Saudi Cement Company, and Wataniya Insurance Company where there is a direct interest in this contract for Mr. Amin Alafifi as a Director in both Companies. Contract is Insurance Premiums. Transaction during 2021 amounted SR 4.462 million with No preferential conditions. (Enclosed)

9- Approval of the business transaction between E A Juffali Information System Company, and Wataniya Insurance Company where there is a direct interest in this contract for Mr. Amin Alafifi & Mr. Faisal Charara as they are Directors in both Companies. Contract is renewal of IT Maintenance Services Agreement. Transaction during 2021 amounted SR 1.429 million with No preferential conditions. (Enclosed)

10- Approval of the business transaction between Naghi Group of Companies, and Wataniya Insurance Company where there is a direct interest in this contract for Mr. Tahir Aldabbagh as a Director in both Companies. Contract is Insurance Premiums. Transaction during 2021 amounted SR 6.225 million with no preferential conditions. (Enclosed)

11- Approval of the appointment of Audit Committee for the new term start on April 26th, 2022, for 3 years period end on April 25th, 2025. And it is working method, responsibility, and its compensation. (Resumes Enclosed) Membership as follow:

• Mr. Shireesh Behide – Committee Chairman (Independent – from outside the Board)
• Mr. Nedahl Radwan – Committee member (Independent – Board Member)
• Mr. Sami Alhalabi – Committee member (Independent – from outside the Board)

12- Approval of the payment of the Board of Directors Fees for the Financial Year end 31 December 2021 amounted SR. 1,346,667.

All registered shareholders in (EDAA) can attend and vote electronically through (TADAWULATY) after the end of the trading session before the AGM meeting as per the regulations. Please note that no attendance will be allowed once the meeting has commenced. However, voting will be available till the completion of the vote counting by the counting committee at the end of the 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 within 1 hour from the first meeting, and the quorum will be whichever is the presented shareholders in the meeting.

All registered shareholders in (EDAA) can vote electronically through (TADAWULATY) as of 10:00 am Friday 21st of Ramadan 1443 H corresponding to 22nd of April 2022, 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

in case of any clarification in this regard, please contact the Company’s Shareholders relations department on: info@wataniya.com.sa Mobile 0556166122

Or mail us on (Board Secretary – Wataniya Insurance Company – PO Box 5832 – Jeddah 21432.