Islamic Arab Insurance Salama : Resolutions of General Assembly

Disclosing the results of the General Assembly Meeting

Islamic Arab Insurance Company - SALAMA

	Date			04 July 2022
	Name of the Listed Company		Islamic Arab Insurance Company - SALAMA PSC
	Date and day of the meeting		Monday, 04 July 2022
	The starting time of the meeting		02:00 PM
	The ending time of the meeting		02:10 PM
	Venue of the meeting		Remotely/Electronically with the option to attend in-person at
				the Company's premise in Sheikh Rashid Road, Spectrum Building,
				4th Floor, Block A, Oud Metha, Dubai.
	Chair of the General Assembly Meeting		Mr. Jassim Alseddiqi - Chairman of the Board of Directors
	Quorum of the total attendance (percentage		52.7417%
	of capital)
	•	Authenticity (%)		20.8410%
	•	Proxy (%)		31.9006%

1-

Decisions and Resolution of the General Assembly Meeting

1- Approval for SALAMA to invest the Shareholders' funds with Shuaa Capital through an investment mechanism, provided that the company shall fulfil the requirements of Corporate Governance for transactions with related parties and shall obtain necessary regulatory approvals for transactions whose value exceeds 5% of the company capital. Any investment transaction that values less than 5% of the capital shall be done in accordance with regular legal requirements.

2- To ratify and authorize the company to offer investment products managed by Shuaa Capital PSC and/or any of its subsidiaries or affiliates to the company policyholders to select whatever suits them.

The Name of the Authorized Signatory:	Khaled Barakat
Designation	General Assembly Secretary
Signature & Seal
Date	04 July 2022

Cc

• The Securities and Commodities Authority
• The Central Bank of the United Arab Emirates

SALAMA - Public