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Buruj Cooperative Insurance Company announces the assignment of a Baa2 insurance financial strength rating (IFSR) from Moody’s
04-Aug-2016
Buruj Cooperative Insurance Company announces the assignment of a Baa2 insurance financial strength rating (IFSR) from Moody’s according to their press release issued on 04/08/2016. Moody’s rating reflects the company’s mid-sized position in the domestic market which established a reputation for its good service. It also reflects the company’s relatively strong asset quality in addition to the improved recent profitability and capitalization post the increase in share capital by 92% via a rights issue in 2015.
The stable rating outlook reflects Moody’s expectation that Buruj Insurance will maintain its improved capitalization and profitably levels whilst also retaining market share.
Buruj Cooperative Insurance Co. announces the results of shareholder Ordinary general assembly meeting
10-Mar-2016
Buruj Cooperative Insurance Co. has announced that the company held its Ordinary general assembly meeting in the Marriott Hotel in Riyadh on 09-03-2016 corresponding to 29-05-1437H at 4:00 PM. All resolutions of the meeting were as follows:
A- Elected the nominated board members for the coming 3 year term ending on 08/03/2019 as follows:

1- Yasser Yusuf Naghi
2- Khalid Saud Al Hasan
3- Ziad Bassam Al Bassam
4- Ibrahim Mohammed Batterjee
5- Abdulaziz Fahd Al Rashed
6- Adel Ali Al Sayed
7- Rafat Attiya Al Salamony

B- Authorized the actions taken by the Board of directors and its committees from the date of Board term end on 31/12/2015 till the general assembly date.
Buruj Cooperative Insurance Company announces the appointment of Chairman of the Board and Managing Board Member and the formation of the Board Committees
10-Mar-2016
Buruj Cooperative Insurance Company announces that its board of directors in its first meeting for the third term held on Wednesday 09/03/2016 corresponding to 29/05/1437H have appointed Mr. Yasser Yusuf Naghi (Non-executive) as the Chairman of the Board and Mr. Khalid Saud Al Hassan (Executive) as the Managing Board member and formed the following board committees:

- Executive Committee
- Audit Committee
- Remuneration & Compensation Committee
- Investment Committee
- Risk Committee
Buruj Cooperative Insurance Co. invites its shareholders to attend the Ordinary general assembly Meeting
14-Feb-2016
The board of directors of Buruj Cooperative Insurance Co. is pleased to invite its shareholders owning 20 shares or more to attend Ordinary general assembly Meeting to be held in the Marriot Hotel in Riyadh on 09-03-2016 corresponding to 29-05-1437 at 4:00 PM to consider the following agenda :

1- Voting for the election of nominated board members for the coming 3 year term ending on 08/03/2019 using the normal voting procedure.

2- Voting on the authorization of the actions taken by the Board of directors and its committees from the date of Board term end till the general assembley date.

The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the company's capital.

Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to P.O. Box 51855 Riyadh 11553, Tel. 011-2938383 Fax 011-2172350 and delivered to the company prior 3 day of the meeting.

Proxy Sample

I___________ a shareholder in Buruj Cooperative Insurance Co. owning (____shares) authorize through a proxy the shareholder __________ to attend and on my behalf the general assembly meeting to be held in the Marriot Hotel in Riyadh on 09-03-2016 corresponding to 29-05-1437 at 4:00 PM and vote on my behalf on the agenda of the mentioned meeting or any other meeting in case it was postponed.

BURUJ COOPERATIVE INSURANCE COMPANY invites its shareholders to attend the extraordinary general assembly meeting for discussion of Increase in share capital. (Second Meeting) (Reminder)
12-Feb-2015
Board of Directors of BURUJ COOPERATIVE INSURANCE COMPANY is pleased to invite its shareholders owning 20 shares or more to attend Extraordinary general assembly (Second Meeting) to be held in the Marriott Hotel - Riyadh on 17-02-2015 corresponding to 28-04-1436 at 04:00 PM to consider the following agenda :

1. Approval of increase in share capital through rights issue offering for the amount of SAR 120 Million according to the details and mechanism mentioned in the preliminary prospectus approved by the Capital Market Authority and which was published on the CMA and company websites. (www.cma.org.sa and www.burujinsurance.com )

2. Approval of amendment of Article No.(7) of the company by-laws in accordance with the increase in share capital.

3. Approval of amendment of Article No. (8) of the company by-laws in accordance with the increase in share capital.

The objectives of the rights issue are strengthening the company's solvency margin and support the business growth in the future. The rights issue is eligible to the shareholders who are registered in the shareholders register in the Securities Depository Center (Tadawul) at the close of trading on the extraordinary general assembly day.The quorum necessary for the meeting to be in session should be attended by the shareholders representing 25% of the company's capital. Each shareholder owning 20 or more shares shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to P.O. Box 51855 Riyadh 11553 Telephone: 011-2938383 Fax: 011-2172350 or thorugh email invest@burujinsurance.com and delivered to the company prior 3 day of the meeting.