The General Assembly of the shareholders of the Company held its meeting at 2:00 pm on Monday 10/6/2019 at its headquarter located in Fourth Floor, Spectrum Building, Sheikh Rashid Street, Oud Metha, PO Box. 10214, the Emirate of Dubai, for the election of a member of the Board of Directors of the vacant seat in the Board pursuant to the resolution of the General Assembly meeting held on 25/04/2019 where the meeting was chaired by the Chairman of the Board Sheikh Khalid Bin Zayed Bin Saqr Al Nahyan.

In addition to the shareholders the following attended the meeting:

Mr. Ahmed Al Naqbi Represented by the Securities and Commodities Authority

Ms. Haifa Al-Qadi represented by the Insurance Authority

The quorum of the meeting was 30.17%, representing 0.09% by proxy and 30.16% by proxy

Mr. Ali Hussain Ismail was appointed as the meeting's moderator and Ms. Sanaa Abdulla was appointed as a vote collector

Where the quorum was not completed at the previous General Assembly meeting on Thursday, 30/5/2019, the meeting today is legal regardless of the number of those present in accordance with Article 183 of the Companies Law.

The voting cards containing the names of the candidates for the election of a member of the Board of Directors as an independent member were distributed to the shareholders.

The Chairman of the meeting pointed out that the agenda of the General Assembly for this day is the election of a non-executive member of the Board of Directors. The nomination was opened for the period from Thursday 16/05/2019 to Saturday, 25/05/2019. Mr. Jassim Alseddiqi and Mr. AbdulQader Thomas have been nominated themselves for the membership of the Board. Since the required number is to elect one member, the shareholders were requested to nominate one of these candidates as Board member.

The shareholders unanimously approved Mr. Jassim Alseddiqi as a member of the Board of Directors as an independent non-executive member.

It was announced that the member who won by acclamation is an independent non-executive member, which is in line with the decision of the SCA decision No. (7 / R) of 2016 on the standards of institutional discipline and the governance of public shareholding companies. The meeting ended at 2:30 pm.

1.      Approval ofthe report of the Board of Directors on the Company’s activities and itsfinancial position for the financial year ended on 31/12/2018.

2.      Approval ofthe Auditors’ report for the financial year ended on 31/12/2018.

3.      Approval ofthe report of the Company’s Sharia Supervisory Committee for the financial yearended on 31/12/2018.

4.      Approval ofthe Company’s balance sheet and its profit and loss statement for the yearended 31/12/2018.

5.      Approval ofthe Company’s Corporate Governance report for the year ended 31/12/2018.

6.      Approval ofre-appointment of the members of Sharia Supervisory Committee:

-          Dr. Mohamad Dawod Baker

-         Dr. MohamadAmin Qattan

-         Dr. Amin AlFateh

For one year in accordance with the provisions of Article 177 ofthe Commercial Companies Law No. 2 of 2015, and the re-appointment was approvedas proposed.

7.      Approval ofthe Board of Directors’ proposal for not distributing dividends for the yearended 2018.

8.      Discharge theCompany’s board members of the liability for the financial year ended on31/12/2018, except for the Vice Chairman of the Board Dr. Saleh Jameel Malaikah

9.      Discharge theExternal Auditors of the liability for the financial year ended on 31/12/2018.

10.  Appoint theExternal Auditors for another period and determine their fees.

11.  Acceptance ofthe resignation of Mr. Marwan Ahmed Al-Ghurair (Board Member) and Appointmentof Mr. Mohamed Husain Al-Khoori (Board Member)

Kindly note that the General Assembly of SALAMA held onSunday 23rd of December 2018 at 2pm in meeting room (Oud Metha 2) at MovenpickHotel in Oud Metha, Dubai.

The following members have been elected by acclamation to beindependent members of the Board of Directors.

1)    Mr. Fraih AlQubaisi

1)    Mr. MustafaKheriba

1. Approval of the report of the Board of Directors on the Company’sactivities and its financial position for the financial year ended on 31/12/2016.

2. Approval of the Auditors’ report for the financial year ended on 31/12/2016.
3. Approvalof the report of the Company’s Sharia Supervisory Committee for the financialyear ended on 31/12/2016.
4. Approvalof the Company’s balance sheet and its profit and loss statement for the yearended 31/12/2016.
5. Approvalof the Company’s Corporate Governance report for the year ended 31/12/2016.
6. Approvalof re-appointment of the members of Sharia Supervisory Committee, Dr. MohamadDawod Baker, Dr. Mohamad Amin Qattan, and Dr. Amin Al Fateh for a period ofthree years in compliance with Takaful Regulation.
7. Approvalof the Board of Directors’ proposal for not distributing dividends for the yearended 2016.
8. Dischargethe Company’s board members of the liability for the financial year ended on 31/12/2016.
9. Dischargethe External Auditors of the liability for the financial year ended on 31/12/2016.
10. Re-appointthe External Auditors for another period and determine their fees.
11. The belowmentioned members have been elected to the Company’s Board of Directors toserve the new term of three years that expires in the year 2019:

1.      Approved the Board of Directors’ Report for the Company’s activity and its financial position for the financial year ended 31 December2015.

2.      Approved the Auditors’ Report for the financial year ended 31 December 2015.

3.      Approved the Shari’ah Supervisory Committee Report for the financial year ended 31 December 2015.

4.      Approved the Balance Sheet and Profit and Loss Account of the Company for the financial year ended 31 December 2015.

5.      Approved to appoint KPMG as External Auditors for the financial year 2016 and fixing their remuneration for AED 480,000.

6.      Approved the nomination of following members for the Shari’ah Supervisory Committee for the next term of 3 years:

·         Dr. Mohammad Daud Bakar

·         Dr. Mohammad Amin Qattan

·         Dr. Amin Fateh

7.      Approved not to distribute profits for the financial year ended 31 December 2015.

8.      Approved to dischaarge the Board of Directors from bearing liability for the financial year ended 31 December 2015.

9.      Approved to discharge the auditors from bearing liability for the financial year ended 31 December 2015.

10.  Approved to amend the Memorandum and Articles of Association of the Company in accordance with the provisions of the Federal Law No. 2 of 2015 for commercial companies.

1-The Company’s Financials were reviewed by the Board of Directors and approved for the period of 31/12/2014.

2-The Auditing report for the period of 31/12/2014  was validated and approved.

3-The Consolidated financial statements of the company for the year end period of 31/12/2014 was discussed and approved.

4-The Company’s Corporate Governance Report for the period of 31/12/2014 was discussed and approved.

5-The Shari’ah Supervisory Board’s report and Fatwa for the period of 31/12/2014 was reviewed and approved.

6-The Proposal of not distributing Dividends for the year end period of 31/12/2014 was approved.

7-Discharge of the members of the respected Board of Directors and Auditors from bearing liabilities for the financial year end period of 31/12/2014 was approved.

8-Approval of appointing ‘’KPMG’’ – as External Auditors for the financial year end period of 31/12/2015 and set their fees of services in the amount of Dhs. 410,000/-.

1. سماع تقرير مجلس الإدارة عن نشاط الشركة ومركزها المالي للسنة المالية المنتهية في 31/12/2013 والتصديق علية وتمت الموافقة على البند المذكور.
2. سماع تقرير مدققي حسابات الشركة عن السنة المالية المنتهية في 31/12/2013 وقد تمت الموافقة على البند المذكور.
3. مناقشة ميزانية الشركة وحساب الأرباح والخسائر عن السنة المالية المنتهية في 31/12/2013 والتصديق علية وقد تمت الموافقة على البند المذكور.
4. مناقشة تقرير الحوكمة للشركة عن العام المنتهي في 31/12/2013 وقد تمت الموافقة على البند المذكور.
5.الإطلاع على تقرير هيئة الفتوى والرقابة الشرعية واعتماده. وقد تمت الموافقة على البند المذكور.
6. إبراء ذمة أعضاء مجلس الإدارة ومدققي الحسابات من المسؤولية عن السنة المالية المنتهية في 31/12/2013 وقد تمت الموافقة على البند المذكور.
7. تمت الموافقة على تعيين السادة KPMG/ كمدققي حسابات للشركة عن السنة المالية المنتهية في 31/12/2013 وححدت أتعابهم بمبلغ 410000 درهم
8. اعادة تعيين لجنة الرقابة الشرعية المكونة من السادة العلماء الدكتور محمد داود بكار والدكتور محمد أمين قطان والدكتو أمين الفاتح لمدة ثلاث سنوات وفقا لنظام التأمين التكافلي، وقد تمت الموافقة على البند المذكور.
9. انتخاب أعضاء مجلس الإدارة السادة التالية أسمائهم:
الشيخ خالد بن زايد بن صقر آل نهيان - عضو غير تنفيذي
د. صالح جميل ملائكة - عضو تنفيذي
السيد سهيل مبارك سرور الظاهري - عضو مستقل
السيد مروان أحمد الغرير - عضو مستقل
السبد حسين حسن بياري - عضو مستقل