The Board of Directors of Bupa Arabia for Cooperative Insurance Company (the Company or Bupa Arabia ) hereby cordially invites the shareholders who own twenty (20) or more shares in the Company to attend the Fourth ordinary general assembly meeting to be held on Monday 16/04/1432H.(Corresponding to March 21, 2011G.) at 04:00 pm at the Crown Plaza  Hotel, Jeddah, to consider the following agenda:

Resolution (1): Approve the Board of Directors Report for the year ended 31/12/2010 G. (12 Months)

Resolution (2): Approve the Financial Statements for the year ended 31/12/2010 G. and the report of the external auditors. (12 Months).

Resolution (3): Selection and appointment of external auditors to audit the company’s accounts and audit fees for the year ending 2011 , based on the Audit Committee’s recommendation.

Resolution (4): Absolve the Board of Directors of their responsibility for managing the company for the year ended 31/12/2010 G. (12 Months)

Resolution (5): Appointment of Mr. Saleh Nasser Al Jasser as an independent Member, to replace outgoing Dr. Mohammed Akef Al Maghrabi.

Resolution (6): Appointment of Ignacio Iribarren as a Board member, to replace outgoing Board Member Mr. Anthony Cabrelli  & appointment of Mr. Dean Allan Holden as a Board member, to replace outgoing Board Member Pablo Juantegui, both representing Bupa Investments Overseas Limited.

Resolution (7): Approval of BOD’s recommendation to approve Bupa Arabia’s Corporate Governance , rules for appointing the members of the Audit Committee and the Nomination & Remuneration Committee, define the term of their office and the procedure to be followed by the Committees.

Resolution (8): Election of new board members for the board directors for a new cycle starting from 24/4/1432 H corresponding to 29/03/2011 G. for a period of three years.

Shareholders that are interested in attending the assembly meeting need to record their names in the attendance registration list at least half an hour prior to the start of the assembly meeting.

 
Those who cannot attend have the right to empower another shareholder, as long as that shareholder is not a board member or a Bupa Arabia employee, and provided they supply identification, verified by an official party. All verification must be submitted at least three (3) days prior to the assembly meeting. The ordinary general assembly meeting requires the presence of shareholders with ownership of at least 50% of the companys capital overall as per article 32 in the companys bylaws.