Alawwal Bank Invite its Shareholders to attend the Ordinary General Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Alawwal bank Board of Directors is pleased to invite the bank's valued shareholders to attend the shareholders' Ordinary General Assembly Meeting (first meeting) |
| City and Location of the General Meeting | Alawwal bank-Al-Waha building-Al-Hassan bin Ali Street-Khurais Road, Riyadh |
| Hyperlink of the meeting location | https://goo.gl/maps/h2pB6JKScix |
| Date of the General Meeting | 2019-04-17 Corresponding to 1440-08-12 |
| Time of the General Meeting | 19:00 |
| shareholding Eligibility to attend general assembly meeting | Shareholders registered in the bank’s share registry at the Depository Center (SDC) at the end of the trading day prior to the General Assembly, as per the rules and regulations. Noting that the right to attend the General Assembly ends prior to the convention of the meeting, and the right to vote ends once the vote-counting has concluded. |
| Quorum as percentage of shareholding | In accordance with article (38) of the Bank's Bylaws, the meeting shall be valid if attended by shareholders representing at least half of the share capital. If the quorum is not attained in this meeting, a second meeting will be held an hour following the end of the prescribed duration of the first meeting. The second meeting shall be valid irrespective of the number of shares represented therein. |
| General Meeting Agenda | 1. Vote on the Financial Statements for the financial year ended 31 December 2018.
2. Vote on the Board of Directors’ report for the financial year ended 31 December 2018.
3. Vote on the Auditors report for the financial year ended 31 December 2018.
4. Vote on the indemnification of Board Members on their performance during the financial year ended 31 December 2018.
5. Vote on the remuneration paid to members of the Board of Directors, with the total amount of SAR 4,290,807 for their membership as delineated in the Board of Directors' Annual Report for the period starting January 1, 2018 till December 31, 2018.
6. Vote on the updated Audit Committee Charter.
7. Vote on the appointment of external auditors, nominated by the Audit Committee, to review the bank’s accounts for the first, second and third quarters of 2019 and audit the bank's accounts for financial year-end of 2019 and fixing their fees.
8. Vote on the Board of Directors' resolution not to distribute dividends for the fiscal year 2018 pursuant to the Merger Agreement entered into with the Saudi British Bank (SABB).
9. Vote on the Board’s resolution to appoint Dr. Sulaiman Abdulaziz Al-Tuwaijri as a member of the Bank’s Audit Committee as of 09/05/2018 until 31/12/2019 as a replacement of Mr. Yousif Mohammed Al-Mubarak, whose resignation from the Audit Committee was deemed effective on 09/05/2018, provided that this appointment shall be deemed effective on the date of recommendation on 09/05/2018. This appointment was made as per the Audit Committee Charter.
10. Vote on the business and contracts between the bank and General Organization for Social Insurance (GOSI). Mr. Eyad Abdulrahman Al-Hussain (Non-Executive member) has an indirect interest in this contract. The contract is for data supply services carried out without any special conditions or benefits. The duration of the contract was one year with a total amount of SR 220,500 including Value Added Tax. |
| E-Vote | Shareholders registered in Tadawulaty system will be able to vote remotely via the website http://www.tadawulaty.com.sa. Tadawulaty registration and voting on the General Assembly agenda items is free of charge. Electronic voting will start in 10:00 am, 10-08-1440H corresponding to 15 Apr 2019 and will last until 04:00 pm on the day of the Ordinary General Assembly. |
| Additional Information | Shareholders who do not wish to attend the meeting are kindly asked to appoint another person to attend the meeting. Members of the Board of Directors and the bank's staff or any person permanently assigned to a technical or administrative work are not allowed to represent shareholders in the meeting. Such appointment shall be attested by the Chambers of Commerce and Industry if the shareholder is an affiliate of one of them, or if the shareholder is a legal entity or institution, one of the licensed banks, or Authorized Persons in the Kingdom, provided that the appointee or individuals authorized to perform attestations, notaries, or individuals authorized to perform authentications hold an account with the bank.
The power of attorney shall be sent no later than two days prior to the date of the meeting to the Shareholders Affairs Manager, Shareholders Affairs Department, Alawwal bank, Head Office, Dhabab Street, P.O. Box 1467, Riyadh 11431. The original copy of the power of attorney must be submitted prior to the meeting's convention. For any inquiries, please contact the Shareholders Affairs Department Tel 0114067888 or 0114010288 Ext: 1542-1361. |
| Attached Documents |  |
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