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Banque Saudi Fransi announces the results of the Ordinary General Assembly (First Meeting)

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Element List Explanation
Introduction The Board of Directors of Banque Saudi Fransi is pleased to announce the results of the Ordinary General Assembly’s Meeting (1st Meeting) which was held at 6.30 p.m. on Tuesday, 04/04/1440 corresponding to 11/12/2018 at the 8th floor of Bank’s head office located at King Saud Road (ex. Al Ma’ather street) Riyadh after meeting the quorum by the presence of (76.327%) of the shares representing the capital.

The meeting was attended by the following members of the Board of Directors:

1- Mr. Suliman Abdulrahman Al Gwaiz (Board Chairman and Executive Committee Chairman)

2- Mr. Abdulrahman Rashed Al-Rashed (Vice Board Chairman, Chairman of the Nominations and Remunerations Committee and Chairman of the Corporate Social Committee)

3- Dr. Khalid Hamed Al Mutabagani

4- Mr. Ammar Abdulwahid AlKhudairy (Chairman of Audit Committee)

5- Mr. Mazin Abdulrazzak Al Romaih (Chairman of the Board Risk Committee)

6- Mr. Bader Abdullah Al Issa

7- Eng. Rayan Mohammed Fayez

8- Eng. Talal Ibrahim Al Maiman

Mr. Mosa Omran Al Omran and Mr. Jacques Olivier Pierre Prost apologized for not attending.

City and Location of the General Meeting Eighth floor at the Bank’s head office located at King Saud Road (ex. Al Ma’ather street), Riyadh.
Date of the General Meeting 2018-12-11 Corresponding to 1440-04-04
Time of the General Meeting 18:30
Percentage of Attending Shareholders 76.327 %
Voting Results on the Agenda 1) Electing the BOD members among the candidates for Board’s membership where the next session will start on 01/01/2019 for three years and end on 31/12/2021. The elected candidates are as follows:

1-Jacques O. Prost.

2-Talal I. Al Maiman.

3-Mazin A. Al Romaih.

4-Ghazi A. Al Rawi.

5-Bader A. Al Issa.

6-Abdulrahman R. Al Rashed.

7-Khalid O. Al Omran.

8-Abdullatif A. Al Othman.

9-Khalid H. Al Mutabagani.

10-Rayan M. Fayez.

2) Approving the formation of Audit Committee for the next three years session starting on 01/01/2019 and ending on 31/12/2021 along with its tasks, controls and members’ remunerations. The elected candidates are as follows:

1- Muhammad A. Ikhwan

2- Bader A. Al Issa

3- Muhammad O. Al Subaie

Additional Information Upon concluding the Annual General Meeting, the new Board will hold a meeting to appoint the Chairman, Vice Chairman, and the members of the Board subcommittees in which respect the necessary communications will be made with the regulatory authorities and approvals obtained in line with the rules regulating the banking industry in the Kingdom of Saudi Arabia, and this will be announced in a subsequent stage.

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