Disclosing the results of the General Assembly Meeting
Islamic Arab Insurance Company - SALAMA
Date | 04 July 2022 | |||
Name of the Listed Company | Islamic Arab Insurance Company - SALAMA PSC | |||
Date and day of the meeting | Monday, 04 July 2022 | |||
The starting time of the meeting | 02:00 PM | |||
The ending time of the meeting | 02:10 PM | |||
Venue of the meeting | Remotely/Electronically with the option to attend in-person at | |||
the Company's premise in Sheikh Rashid Road, Spectrum Building, | ||||
4th Floor, Block A, Oud Metha, Dubai. | ||||
Chair of the General Assembly Meeting | Mr. Jassim Alseddiqi - Chairman of the Board of Directors | |||
Quorum of the total attendance (percentage | 52.7417% | |||
of capital) | ||||
• | Authenticity (%) | 20.8410% | ||
• | Proxy (%) | 31.9006% | ||
1-
Decisions and Resolution of the General Assembly Meeting
1- Approval for SALAMA to invest the Shareholders' funds with Shuaa Capital through an investment mechanism, provided that the company shall fulfil the requirements of Corporate Governance for transactions with related parties and shall obtain necessary regulatory approvals for transactions whose value exceeds 5% of the company capital. Any investment transaction that values less than 5% of the capital shall be done in accordance with regular legal requirements.
2- To ratify and authorize the company to offer investment products managed by Shuaa Capital PSC and/or any of its subsidiaries or affiliates to the company policyholders to select whatever suits them.
The Name of the Authorized Signatory: | Khaled Barakat |
Designation | General Assembly Secretary |
Signature & Seal | |
Date | 04 July 2022 |
Cc
- The Securities and Commodities Authority
- The Central Bank of the United Arab Emirates
SALAMA - Public
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SALAMA - Islamic Arab Insurance Company PSC published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 05:12:03 UTC.