Press releases, Reports & Disclosures for Al Sagr National Insurance Company
The text is a disclosure clarifying the approval of agencies according to clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that any shareholder with the right to attend the general assembly can delegate someone other than board members or company staff to attend on their behalf. This person should have a written delegation stating their right to attend the general assembly and vote on decisions, but they cannot have more than 5% of the company's issued capital. People lacking legal capacity must be represented by their legal representatives. The shareholder's signature on this power of attorney is also required.
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