National General Insurance Company P.J.S.C

The National General Insurance Company (P.J.S.C) held its General Assembly Meeting on Tuesday, April 15, 2025, starting at 4:00 PM and ending at 4:30 PM. The meeting took place at the company's head office and remotely, chaired by Dr. Hamad Mubarek Buamim, with a quorum of 77.32% attendance. Key decisions included the approval of the meeting secretary and vote collector, the Board of Directors' report, the auditor's report, and the financial statements for the year ending December 31, 2024. The assembly also approved a dividend distribution of 45 fils per share, totaling AED 74,227,285, for shareholders registered by April 25, 2025. Additionally, the Board of Directors' remuneration and the discharge of both the Board and external auditors from liability for the financial year 2024 were approved.

Shareholders are informed about the delegation process for attending the General Assembly as per the Corporate Governance Manual. Shareholders can delegate a representative, who is not a board member or company staff, to attend and vote on their behalf. This delegation must be in writing, and the representative cannot hold more than 5% of the company's issued capital through such delegations. Individuals lacking legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney must be verified by approved entities such as a notary public, commercial chamber, licensed bank, financial market, or other authorized bodies. The proxy form must include the shareholder's and the approving authority's contact details. Shareholders can appoint a proxy to represent and vote on their behalf at the Annual General Assembly Meeting. For further information, contact details are provided.

The text outlines a set of commitments and declarations made by an individual or entity in relation to their role and responsibilities, likely within a financial or corporate governance context. These commitments include maintaining integrity and transparency, avoiding conflicts of interest, ensuring independence in decision-making, dedicating sufficient time and effort to responsibilities, and complying with relevant laws and regulations. Additionally, the text emphasizes the importance of notifying relevant authorities about any changes in position or resignation.