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SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESULTS OF SHAREHOLDER ORDINARY GENERAL ASSEMBLY MEETING (SECOND TIME)

2014-06-24 (1435-08-26 )      08:15:53

Saudi Arabian Cooperative Insurance Company has announced that the company held its Ordinary general assembly meeting (Second Time) in the Prince Salman Social Center in Riyadh on 23-06-2014 corresponding to 25-08-1435 at 16:00. All resolutions of the meeting are as follows:

1. What was approved was report of Board of Directors for the year that ended on 31/12/2013.

2. What was approved of the auditors' report, the balance sheet, profit and loss for the year that ended on 12/31/2103.

3. Approved to Discharge of the members of the Board of Directors for their actions during the year that ended on 31/12/2013.

4. Approved the appointment of auditors :

A-PricewaterhouseCoopers
B-Deloitte & Touche Bakr Abulkhair & Co

From among the candidates by the audit committee to review the company's accounts for the year of 2014 and quarterly financial statements and annual and approved of their fees.

5. Cancel the bonuses specific to Article No. (17) Which the total amount of SR. 180,000 (one hundred eighty thousand riyals) for the chairman and SR. 120,000 (one hundred and twenty thousand riyals) for the members of the Board of Directors, in year 2013, approval of the General Assembly.

6. Approved the recommendation of the Board of Directors on the agency agreement with ACE Insurance Agencies Ltd. and ACE Insurance Brokers Co., Ltd., which owns two the Chairman of 10% of the shares for each.

7. Approved the recommendation of the Board of Directors to add some articles to the conflicts of interest of the corporate governance of the company that comply with the rules issued by the Capital Market Authority.

SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY (SECOND MEETING).

2014-06-16 (1435-08-18 )      15:56:50

Saudi Arabian Cooperative Insurance Company is pleased to invite its shareholders attend Ordinary general assembly (Second Meeting) to be held in the Riyadh - Prince Salman Social Center on 23-06-2014 corresponding to 25-08-1435 at 16:00 to consider the following agenda:

1. Approval of Board of Directors report for the year that ended on 31/12/2013.

2. Approval of the auditors' report, the balance sheet, profit and loss for the year that ended on 12/31/2103.

3. Discharge of the members of the Board of Directors for their actions during the year that ended on 31/12/2013.

4. Approve the appointment of auditors from among the candidates by the audit committee to review the company's accounts for the year of 2014 and quarterly financial statements and annual and fix their fees.

5. Approve the bonuses specific to Article No. (17) Which the total amount of SR. 180,000 (one hundred eighty thousand riyals) for the chairman and SR. 120,000 (one hundred and twenty thousand riyals) for the members of the Board of Directors, in year 2013.

6. Approve the recommendation of the Board of Directors on the agency agreement with ACE Insurance Agencies Ltd. and ACE Insurance Brokers Co., Ltd., which owns two the Chairman of 10% of the shares for each.

7. Approve the recommendation of the Board of Directors to add some articles to the conflicts of interest of the corporate governance of the company that comply with the rules issued by the Capital Market Authority.

Note note that he is meeting for the second time valid irrespective of the number of shares represented meeting. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to fax number:011-4751197 and delivered to the company prior 3 day of the meeting.
Contact details : phone number:011-8749666

SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY ANNOUNCES NON-CONVENING ITS ORDINARY GENERAL ASSEMBLY.

2014-06-12 (1435-08-14 )      08:06:59

Saudi Arabian Cooperative Insurance Company announces that it's Ordinary general assembly meeting was not convened due to lack of quorum, which was scheduled to be held on 11-06-2014 Prince Salman Social Center-Riyadh. based on that the assembly will be determined later by the company after obtaining the regulatory approvals.

SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY ANNOUNCES SAMA'S TEMPORARY APPROVAL FOR ITS INSURANCE PRODUCTS.

2014-06-01 (1435-08-03 )      09:08:06

Saudi Arabian Cooperative Insurance Company announces obtaining on 01-06-2014 corresponding to 03-08-1435 the Saudi Arabian Monetary Agency (SAMA) letter No. 351000099068 dated 29-05-2014 corresponding to 30-07-1435 containing SAMA's temporary approval to use of insurance products for 6 Months for sale number (25) insurance product

The product details are as follows:

1 . Lock all the dangers of property
2 . Personal Accident Insurance - Individuals
3 . Fire insurance
4 . Securing the fire and the dangers attendant
5 . Personal Accident Insurance groups
6 . Public Liability Insurance
7 . Liability insurance of goods
8 . Insurance dishonesty / latencies and damage caused by crime
9 . Secure transfer of funds armored car
10 . Comprehensive liability insurance
11 . Secure server overall
12 - Professional Liability Insurance
13 . Liability Insurance managers and staff
14 . Business interruption insurance
15 . Diversified Insurance
16 . Comprehensive insurance for homes
17 . Contractors Liability Insurance
18 . Comprehensive insurance for construction work
19 . Secure factories and mechanisms Contractors
20 . Securing pressure boilers
21 . Insurance damage machines
22 . Securing the dangers of cold storage
23 . Secure electronic equipment
24 . Personal Accident Insurance Groups health insurance
25 . Extra insurance Personal Accident

SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY MEETING.

2014-05-15 (1435-07-16 )      15:53:18

The board of directors of Saudi Arabian Cooperative Insurance Company is pleased to invite its shareholders owning 20 shares or more to attend Ordinary general assembly Meeting to be held in the Riyadh - Prince Salman Social Center on 11-06-2014 corresponding to 13-08-1435 at 16:00 to consider the following agenda:

1. Approval of Board of Directors report for the year that ended on 31/12/2013.
2. Approval of the auditors' report, the balance sheet, profit and loss for the year that ended on 12/31/2103.
3. Discharge of the members of the Board of Directors for their actions during the year that ended on 31/12/2013. 4. Approve the appointment of auditors from among the candidates by the audit committee to review the company's accounts for the year of 2014 and quarterly financial statements and annual and fix their fees.
5. Approve the bonuses specific to Article No. (17) Which the total amount of SR. 180,000 (one hundred eighty thousand riyals) for the chairman and SR. 120,000 (one hundred and twenty thousand riyals) for the members of the Board of Directors, in year 2013.
6. Approve the recommendation of the Board of Directors on the agency agreement with ACE Insurance Agencies Ltd. and ACE Insurance Brokers Co., Ltd., which owns two the Chairman of 10% of the shares for each.
7. Approve the recommendation of the Board of Directors to add some articles to the conflicts of interest of the corporate governance of the company that comply with the rules issued by the Capital Market Authority.
The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the company's capital. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to fax number:011-4751197 and delivered to the company prior 3 day of the meeting.
Contact details : phone number:011-8749666

SAUDI ARABIAN COOPERATIVE INSURANCE COMPANY ANNOUNCES SAMA'S TEMPORARY APPROVAL FOR ITS INSURANCE PRODUCTS.

2014-05-01 (1435-07-02 )      16:10:26 

Saudi Arabian Cooperative Insurance Company announces obtaining on 01-05-2014 corresponding to 02-07-1435 the Saudi Arabian Monetary Agency (SAMA) letter No. 351000085592 dated 01-05-2014 corresponding to 02-07-1435 containing SAMA's temporary approval to use of insurance products for 4 Months up to 31/08/2014 for the following products : Renewal of temporary approvals for Motor Third Party Liability.

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