تعلن شركة الصقر للتأمين التعاوني عن استقالة رئيس وأعضاء لجنة المراجعة

Alsagr Cooperative Insurance Company Announces Resignation of the Chairman and members of the Audit Committee 8180 ALSAGR INSURANCE 0.90 % 1443/01/30     07/09/2021 09:42:46 Introduction Al-Saqr Cooperative Insurance Company announces receiving resignation letter of the Chairman and members of the Audit Committee on 28/01/1443 corresponding to 05/09/2021 and whose names are listed below: - Mr. Sultan bin Khaled Al-Turki, Chairman of the Committee (independent member / from within the Board) - Mr. Hussam bin Faisal Baward, Committee member (independent member/ from outside the board) - Mr. Saud bin Saleh Al-Arefi, Committee member (independent member/ from outside the board) - Mr. Muhammad bin Saleh Al-Ghamdi, Committee member (independent member/ from outside the board) The committee stated in the resignation letter that the main reason is the difficulties that the committee faces in performing its duties in light of the vote of the General Assembly rejecting all the items recommended by the audit committee to the General Assembly which was held on 17/06/2021 and without giving any valid reasons for rejection to date, through the General Assembly or through the Board of Directors. Giving that the Board of Directors - which had unanimously recommended approving these items - containing representatives of the main shareholders of the company, thus it was very difficult for the Audit Committee to carry out its responsibilities in light of this comprehensive rejection of the previously unanimously approved agenda items. The committee also mentioned that in order to maintain the interests of the company’s small shareholders, who represent approximately 60% of the company’s shares and to give priority to the general interest of the company and the general interest of the main shareholders as well. Thus, the committee decided to submit its resignation while urging the members of the Board to work to find solutions and address them as soon as possible while calling for strengthening governance and transparency and conduct General Assembly meeting to approve those necessary items for the company’s business, that resulted in the company’s inability to publish the results of the second quarter of the year 2021 to date to the shareholders. The Chairman and the members of the Board has approved the resignation of the Audit Committee on 29/01/1443 corresponding to 06/09/2021, and it will take effect from the date of acceptance of the resignation. Note that the Chairman and members of Audit Committee were appointed based on the approval of the General Assembly on 10/03/1442 corresponding to 27/10/2020 It should also be noted that the company will take necessary action by notifying the regulatory authorities of the resignation. In addition to announcing at a later time the names of the alternate nominated members after obtaining the approval of the competent authorities for this appointment and present it to the shareholders for a vote at the first meeting of the General Assembly, which will be announced at a later time. The Board of Directors would like to express their gratitude and appreciation to the Audit Committee Members for their efforts and performance during the past period. Name of Resigning Member - Mr. Sultan bin Khaled Al-Turki, Chairman of the Committee (independent member / from within the Board) - Mr. Hussam bin Faisal Baward, Committee member (independent member/ from outside the board) - Mr. Saud bin Saleh Al-Arefi, Committee member (independent member/ from outside the board) - Mr. Muhammad bin Saleh Al-Ghamdi, Committee member (independent member/ from outside the board) Resignation Submission Date 2021-09-05 Corresponding to 1443-01-28 Resignation Effective Date 2021-09-06 Corresponding to 1443-01-29 Reasons for Resignation Due to what the committee faces as a result of the General Assembly decisions issued on June 17, 2021 without any reasons for the rejections of the following agenda items that was recommended by the Audit Committee and approved by the Board of Directors: - Refusal to approve the company’s financial statements for the fiscal year ending on December 31, 2020. - Rejection of the auditors’ report for the fiscal year ending on December 31, 2020 AD. - Refusal to appoint Bakertilly International and Al Kharashi & Co., Accountants and Certified Auditors as the company’s auditors from among the candidates based on the recommendation of the Audit Committee, to examine and review the financial statements for the second, third and third quarter of the fiscal year ending on December 31, 2021 AD in addition to the first quarter of the year 2022 AD and determining their fees, which resulted in the company’s inability to publish the results of the second quarter of the year 2021 AD to date. Resigning Member Start Date 2020-10-27 Corresponding to 1442-03-10 The Capital Market Authority and Saudi 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. Share Previous Announcements Al Sagr Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2025-12-31 Al Sagr Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2025-12-31 8180 ALSAGR INSURANCE 0.90 % 1447/09/22     11/03/2026 08:03:32 Al Sagr Cooperative Insurance Co. announces the renewal of qualification for the health insurance at the Insurance Authority Al Sagr Cooperative Insurance Co. announces the renewal of qualification for the health insurance at the Insurance Authority 8180 ALSAGR INSURANCE 0.90 % 1447/08/20     08/02/2026 15:45:26 Al Sagr Cooperative Insurance Co. Announces the Appointment of a Board Member to Assume the Vacancy in its Board Al Sagr Cooperative Insurance Co. Announces the Appointment of a Board Member to Assume the Vacancy in its Board 8180 ALSAGR INSURANCE 0.90 % 1447/06/02     23/11/2025 08:50:32 View all announcements Company Performance ALSAGR INSURANCE Add To Watchlist In your Watchlist Add To Watchlist Zoom 1D 1M 3M 1Y 3Y 5Y Inception Created with Highcharts 10.0.0 Highcharts Stock Responsive Chart Click small/large buttons or change window size to test responsiveness 10:20 10:40 10:50 10:30 9.9 9.95 10 10.05 10.1 10.15 10.2 Zoom Zoom ▾ 1M 3M 1Y 3Y 5Y Inception Apr 12, 2026 → Apr 12, 2026 Key Parameters Last Price 10.09 Net Change 0.09 (+0.9%) Value Traded (Sar) 949,273 Volume Traded 94,558 See The Company Profile Upcoming Calendar Dates 8180 ALSAGR INSURANCE Rights Issue| 2023-09-14 8180 ALSAGR INSURANCE | 2023-06-16 8180 ALSAGR INSURANCE Capital Reduction| 2022-09-05 LoginPortletPopupv2 /wps/contenthandler/!ut/p/digest!8bHYBEred6hWAhxUk_CAcg/pm/oid:--portletwindowid--@oid:Z6_5A602H80O0HTC060SG6UT81DI3 /wps/contenthandler/!ut/p/digest!8bHYBEred6hWAhxUk_CAcg/um/secure/currentuser/profile?expandRefs=true Log in to access your watchlist Error Here Error Here Log In Don't Have Account? 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