Methaq Takaful Insurance Compnay

The text discusses regulations outlined in Clauses 1 and 2 of Article 40 in the Corporate Governance Manual concerning shareholder representation at general assemblies. It states that shareholders can delegate someone, who is not a Board member or company staff, to attend and vote on their behalf. This delegation must be in writing, explicitly granting the agent the right to attend and vote. An agent representing multiple shareholders cannot hold more than 5% of the company's issued capital through such delegation. Additionally, shareholders who lack legal capacity must be represented by their legal representatives. The shareholder's signature is required on the power of attorney for this delegation.

The text provides information about the rights of shareholders according to Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that shareholders have the right to delegate someone, who is not a member of the Board, company staff, or a securities brokerage company employee, to attend the general assembly on their behalf through a written delegation. This delegation must explicitly state that the agent has the right to attend and vote at the assembly. A delegated person cannot represent more than 5% of the company's issued capital. Additionally, shareholders who lack legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney is also required.

Methaq Takaful Insurance Company (PJSC) is inviting its shareholders to attend the annual General Assembly meeting at its headquarters in Abu Dhabi on Friday, November 22, 2024, at 10:00 AM. The agenda includes appointing auditors and determining their fees, and considering a special resolution to increase the company's capital. This capital increase could involve bringing in strategic partners as shareholders with a maximum investment of 100 million Dirhams, subject to regulatory approvals, or increasing capital through existing shareholders. The meeting will require attendance from the Board of Directors, auditors, and other key parties, and shareholders registered by November 21, 2024, are eligible to vote. The meeting will only be valid if shareholders representing at least 50% of the company's share capital are present or represented by proxy.

On 23rd July 2024, Methaq Takaful Insurance announced a meeting scheduled for Friday, 26th July 2024, at 9:00 AM. The agenda includes discussing and approving the financial statements for the periods ending on 30th June 2023 and 30th September 2023. The notice is signed by Musallam Ahmed Alblooshi, the CEO, and includes the company's stamp.

The provided text refers to the unaudited condensed interim financial information for Methaq Takaful Insurance P.S.C. for the three-month period ending on 31st March 2023.