The Saudi Investment Bank ’s Board of Directors is pleased to announce the results of the Ordinary General Meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Investment Bank ’s Board of Directors is pleased to announce the results of the Ordinary General Meeting (first meeting) |
| City and Location of the General Assembly's Meeting | The General Assembly Meeting was held remotely via modern technology |
| Date of the General Assembly's Meeting | 2022-04-19 Corresponding to 1443-09-18 |
| Time of the General Assembly's Meeting | 22:45 |
| Percentage of Attending Shareholders | 64.4% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1) Mr. Abdullah S Jum'ah (Chairman)
2) Mr. Abdulaziz Al Khamis (Vice Charmin) 3) Mr. Abdulrahman Al Rawaf 4) Mr. Abdullah Alzaben 5) Mr. Khaled AlRowais 6) Mr. Mohammad AlKhalil 7) Mr. Yaser Aljarallah 8) Mr. Mohammed Bamaga 9) Mr. Mohammed Algrenees |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1) Mr. Abdulaziz Al Khamis (Executive Committee Chairman)
2) Mr. Mohammed Algrenees (Nomination and Remuneration Committee Chairman) 3) Mr. Yaser Aljarallah (Governance Committee Chairman) 4) Mr. Mohammed Bamaga (Risk Committee Chairman( |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approve the Board of Directors' report for the fiscal year ending on 31 December 2021.
2) Approve the external Auditors report for the fiscal year ending on 31 December 2021. 3) Approve the financial statements for the fiscal year ending on 31 December 2021. 4) Approve releasing the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2021. 5) Approve the appointing of (Ernst &Young Company and Deloitte) as auditors for the Bank from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the (first, second, third) quarter and annual financial statements of the fiscal year 2022, along with determining their fees.
6) Approve on paying an amount of (SAR 5,185,000) as remuneration to the Board members for the fiscal year ending on 31 December 2021. 7) Approve on increasing the number of Audit committee members from (4) to (5) members and appointing Mr. Khaled Salem Al Rowais as member and Chairman of the Audit Committee from the date of the General Assembly’s approval until the end of the Board’s term 13/02/2025. 8) Approve on delegating the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2022. 9) Approve on delegating to the Board of Directors of the authorization powers of the ordinary general assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a maximum of one year from the date of approval by the general assembly to delegate its powers, or until the end of the of the delegated board’s term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. 10) Approve on the dealings and contracts between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz Abdulrahman AlKhamis has an indirect interest as Vice Chairman of the Company. This relates to providing Insurance services to the Bank’s employees, which was made through competition and without preferential terms or benefits and for which the total transactions during the year 2021G amounted to (26,077,239 SAR) including VAT. |
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