Riyadh - Mubasher: Mutakamela Insurance Company has announced the commencement of electronic voting for its upcoming Ordinary General Meeting (OGM), scheduled for late June 2026.
Shareholders are invited to participate in the decision-making process through the Tadawulaty platform, utilizing modern technology to cast their votes on key agenda items, including the approval of financial statements and the election of a new Board of Directors.
Following an initial announcement made on 9 June 2026, Mutakamela Insurance has finalized the logistical arrangements for its First Ordinary General Assembly meeting.
The meeting is officially scheduled to take place at 18:55 on Tuesday, 30 June 2026.
To facilitate shareholder participation and ensure broad representation, the company has enabled electronic voting services in coordination with the Securities Depository Center (Edaa).
The electronic voting window is set to open at 01:00 on Saturday, 27 June 2026. This period will remain active until 30 minutes after the commencement of the General Assembly meeting on 30 June.
Shareholders registered on the Tadawulaty platform can access the voting portal through the official website. The company emphasized that the Tadawulaty system serves as an integrated suite of financial services designed to meet the needs of investors and listed companies while supporting the growth of the Saudi capital market.
The agenda for the upcoming meeting includes several critical items requiring shareholder resolution. Specifically, participants will vote on the company’s financial statements, the appointment of external auditors, and the election of members to the board of directors.
The voting mechanisms vary depending on the nature of the agenda item. For standard items, such as the approval of financial statements, shareholders may vote to approve, reject, or abstain. For the election of the Board of Directors, a cumulative voting system will be employed.
This method allows shareholders to distribute their voting rights—based on their share ownership—among their preferred candidates without duplicating votes for the same individual. For the selection of audit firms, shareholders are required to select exactly one option from the provided candidates.
To assist shareholders in navigating the digital process, the company has provided a comprehensive guide issued by Edaa. This guide outlines the steps for logging into the system, which requires a username, password, and a one-time verification code sent via SMS and email.
The guide also notes that if a shareholder chooses to attend the General Assembly in person and votes using a physical ballot, any prior electronic vote cast through Tadawulaty will be automatically invalidated.
Mutakamela Insurance has established dedicated communication channels for shareholders seeking further clarification. Inquiries can be directed to the Shareholders Affairs Department via telephone or through the company’s official investor relations email address.
Earlier this month, Charalampos Mylonas resigned from his position as the company’s Vice Chairman and Managing Director.
