Invitation to the Annual General Meeting of Takaful International Company BSC to be held on Tuesday the 24 March 2020

Transcription

1. Invitation to the Annual General Meeting of Takaful International Company B .S.C. to be held on Tuesday the 24 March 2020 at 10:30 am The Board of Directors of Takaful International Company would like to invite the Shareholders to attend the Annual General Meeting (AGM), which will be held on Tuesday 24 March 2020, at Bahrain Kuwait Insurance Company premises (Seef Area) starting from 10:30 am. If the quorum was not reached, a second meeting will be held on Tuesday 31 March 2020 at the same time and place to discuss and adopt the agenda items below. Agenda for the Annual General meeting: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Approve the previous minutes of Annual General Meeting held on 24 March 2019. Discuss and approve the Board of Directors report for the financial year ended 31 December 2019. Receive the Sharia’a Supervisory Board report for the financial year ended 31 December 2019. Receive the external auditor's report on the financial statements for the year ended 31 December 2019. Discuss and approve the financial statements for the year ended 31 December 2019. Discuss and approve the following recommendations of the Board of Directors in allocating the net profits for the year as follows: a) Transfer BD 69,044/- to the statutory reserve. b) Transfer of the net profit for the year 2019 of BD 621,400/- to the retained earnings. Inform shareholders about their total liability on Zakat of BD 225,401/- (i.e., BD 2.650) for every one thousand share held) for the year ended 31 December 2019, as determined by Shari’a Supervisory Board. Inform shareholders about related party transactions during the year ended 31 December 2019 as detailed in note (19) of the financial statements. Discuss and approve the Corporate Governance report for the year 2019 and the Company’s compliance with Central Bank of Bahrain’s requirements. Discharge the Board of Directors for all the matters related to their conduct for the financial year ended 31 December 2019. Appointment / Re-appointment of the Shari’a Supervisory Board Members for the financial year 2020, subject to the Central Bank of Bahrain's approval. Appointment / Re-appointment of the External Auditors for the financial year 2020 subject to the approval of the Central Bank of Bahrain and authorize the Board of Directors to fix their fee. Any additional matter according to article 207 of Bahrain Commercial Companies Law. Notes: • The financial statements for the year ended 31 December 2019 are available on Bahrain Bourse’s website. • Copies of the proxy cards are available with the share registrar (Bahrain Clear) at their offices in the Bahrain Financial Harbor 4th floor, and at the company’s offices in Seef Area. • All registered Shareholders at the annual general meeting date, are eligible to attend the meeting in person or assign, in writing, a proxy holder to attend on their behalf. The proxy holder should not be the Chairman of the board, a board member or an employee of Takaful International Company. • For institutional Shareholders, the proxy holder attending the meeting should present a valid power of attorney that authorizes him to be the representative of that Shareholder. The power of attorney has to be in writing, signed by the company’s authorized person, stamped by the official company’s stamp and submitted to Takaful International Company before the deadline. • The proxy card shall be deposited, at least 24 hours before the AGM, at Takaful International Company’s main office in Seef Area. The card may be delivered by hand, post, faxed to: 17582688 or emailed to: takaful@gigtakaful.bh. The Shareholder must ensure delivering the proxy card before the deadline. Any cards received after the deadline will not be valid for the AGM. • For any inquiries, please call the board of Directors’ Secretary on 17565686. Licensed as a General and Family Takaful Company by the CBB www.gigtakaful.bh