SABB announces the holding of Ordinary General Meeting at 6:30 PM on Wednesday 27 September 2017 at the Head Office of The Saudi British Bank, located at Prince Abdulaziz Bin Jalawi Street in Riyadh with the required quorum and attendance of 73.48% of shares representing the capital. After reviewing the Board recommendation and meeting agenda, and in view of voting results, the Ordinary General Meeting approved the following:


1)Approve the dealings and contracts which will be implemented between SABB and HSBC Asia Holdings BV and certain other wholly-owned subsidiaries of HSBC Holdings plc, each in their corporate capacity (HSBC), where the following members of the Board of Directors have an indirect interest: Mr. David Dew, Mr. Samir Assaf, Mr. Nigel Hinshelwood and Mr. Georges Elhedery, as a result of being representatives of the foreign partner. It is an agreement to acquire HSBC combined 32.5% shareholding in SABB Takaful at a price of SAR 10.66 per share, totaling SAR 117,793,000 this is a one-time transaction that is subject to regulatory approvals.