Bank Albilad invites its shareholders to attend the Extraordinary General Assembly (First Meeting) (Reminder Announcement)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors is pleased to invite the Bank’s shareholders to attend the extraordinary general assembly meeting (First Meeting) that will be conducted by means of modern technology using Tadawulaty system, based on the Capital Market Authority circular which stipulates that listed companies should conduct their general assemblies through modern technology, and suspend the presence until further notice, to ensure the safety of traders in the financial market, and to support the efforts and precautionary measures to prevent the spread of Coronavirus (COVID-19), and in continuation of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.. |
| City and Location of the General Assembly's Meeting | Head Office - Riyadh |
| URL for the Meeting Location | https://goo.gl/maps/oti8VAurSw5fX1yF6 |
| Date of the General Assembly's Meeting | 2020-05-12 Corresponding to 1441-09-19 |
| Time of the General Assembly's Meeting | 22:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Center At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | According to Article (32) of the bank’s Articles of Association, an extraordinary general assembly meeting is valid if attended by shareholders who represent at least half of the capital. In the event that the quorum is not completed in the first meeting, the second meeting will be held one hour after the time of the first meeting, and the second meeting will be considered valid if attended by shareholders who represent at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1)To Vote on the Bank's purchase of 5 Million shares of its shares and allocating them as treasury shares within Employee Shares Program. The purchase of shares is funded from the Bank’s internal resources and authorizing the Board of Directors or whoever it delegates to complete the purchase with the period (12 month) from the date of the Assembly's approval including the allocation price for each share offered to employees. The purchased shares are kept until (10 years) from the date of EGM approval and after this period has passed the Bank will follow the procedures and mandatory in the relevant laws and regulations. |
| Proxy Form |
| E-Vote | The shareholders registered in Tadawulaty service will be able to vote remotely through the electronic voting service, by visiting the Tadawulaty website https://www.tadawulaty.com.sa, knowing that registration in Tadawulaty service and voting through is free for all shareholders, and electronic voting will be available for all shareholders from 10:00 am on Friday, 15 Ramadan 1441 AH corresponding to 08 May 2020, until the end of the meeting |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | For any quires please contact Investor Relations Department at
Phone Number: 00966 11 4798585
Email: [email protected] |
| Attached Documents |
Comments