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SABB Takaful Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

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Introduction The Board of Directors at SABB Takaful have the pleasure to invite the Company Shareholders to attend the Ordinary General Meeting (OGM) (First Meeting and Second Meeting after One hour).
City and Location of the General Assembly's Meeting Saudi British Bank (SABB) Head Office, Prince Abdulaziz Bin Musaid Bin Jalawi Street in Riyadh
URL for the Meeting Location https://goo.gl/maps/4mzRe42S4YG2
Date of the General Assembly's Meeting 2020-10-15 Corresponding to 1442-02-28
Time of the General Assembly's Meeting 18:30
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting As per Article (32) of the Bank Articles of Association, The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 50% of the Company’s Capital. In case of non-completion of the Quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be deemed quorate regardless of the number of the Shareholders represented therein.
General Assembly Meeting Agenda 1. To vote on the appointment of Mr. Faris Fehied Alshareef (Non-Executive member) as member of the board of Directors, effective 21/07/2020G. (attached)

2. To vote on the appointment of Mrs. Maha Mohammad Alsudairi (Non-Executive member) as member of the board of Directors, effective 21/07/2020G. (attached)

3. To vote on authorizing the Company’s transactions and contracts represented in annual insurance agency contracts exclusive to sale the Company products with a party who has relation with (SABB Insurance Agency Ltd) in which Board members: Mr. Mohammed Alshayea, Mr. Bashaar Alquinabit, and Mr. Yasser Albarrak, Mr. Faris Alshareef, and Mrs. Maha Alsudairi have indirect interest with as SABB representatives and to authorize it for a following year. In knowledge that nature of transactions in 2019 was an annual insurance agency contract for selling Company’s products exclusively, and the total commission paid is SAR 3,798 thousands. There are no special or preferential terms with the mentioned contracts in this item. (attached)

4. To vote on authorizing the Company’s transactions and contracts represented in various annual insurance contracts with a party who has relation with (HSBC Saudi Arabia Ltd) where Board members: Mr. Mohammed Alshayea, Mr. Bashaar Alquinabit, and Mr. Yasser Albarrak, Mr. Faris Alshareef, and Mrs. Maha Alsudairi have indirect interest with as SABB representatives and to authorize it for a following year. In knowledge that nature of transaction in 2018 was various annual insurance contracts (Property all risk, Public Liability, Business Interruption, Electronic Equipment, Sabotage & Terrorism) with total amount of SAR 1,141 thousands. There are no special or preferential terms with the mentioned contracts in this item. (attached)

Proxy Form
E-Vote The shareholders who are registered in the website of (Tadawulaty) electronic trading services can remotely vote on the items of the OGM through (electronic voting) service, and note that the remote voting will start at 10:00 AM on Sunday 11 Oct 2020, and continue until the end of the OGM on Thursday 15 Oct 2020, Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link: (www.tadawulaty.com.sa)
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication For more information, Shareholders may communicate with Corporate Governance Department during working hours via Phone number 011-2991581 or by sending an E-mail to corporate.governance@sabbtakaful.com
Attached Documents  

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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