Bank Albilad announces the results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors is pleased to announce the results of the 16th Extraordinary general assembly meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | The assembly meeting was held by means of modern technology. |
| Date of the General Assembly's Meeting | 2025-10-07 Corresponding to 1447-04-15 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 58.82% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1) Mr. Nasser Mohammed AlSubeaei (Chairman of the Board)
2) Mr. Adeeb Mohammed Abanumai (Vice Chairman of the Board) 3) Mr. Zaid Abdulrahman Algwaiz 4) Mr. Abdulaziz Mohammed AlOnaizan 5) Mr. Khalid Abdulrahman Saleh AlRajhi 6) Mr. Nasser Sulaiman AlNasser 7) Mr. Mohammed Abdulrahman Abdulaziz AlRajhi 8) Mr. Haitham Mohammad Alfayez 9) Mr. Muadh Abdulrahman Alhusaini 10) Mr. Haytham Sulaiman AlSuhaimi 11) Mr. Abdulaziz Abdulhameed Albassam |
| 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. Nasser Mohammed AlSubeaei (Chairman of the Executive Committee)
2) Dr. Abdullah Ibn Musa Al-Amar (Chairman of the Shariah Committee) 3) Mr. Zaid Abdulrahman Algwaiz (Chairman of the Compliance and Governance Committee) 4) Mr. Adeeb Mohammed Abanumai (Chairman of the Audit Committee) 5) Mr. Haitham Mohammed Alfayez (Chairman of the Nomination & Remuneration Committee) 6) Mr. Muath Abdulrahman AlHussaini (Chairman of the Risk Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approval on the Board of Directors’ recommendation to purchase a number of the Bank’s shares, with a maximum of (10,000,000) shares, for the purpose of allocating them to the Employee Shares Program and authorized the Board of Directors to complete the purchase within a maximum period of (18) months from the date of the Extraordinary General Assembly’s resolution. The purchase will be financed through the Bank’s own resources and the Bank shall retain the purchased shares for a period not exceeding (10) years from the date of the Extraordinary General Assembly’s resolution, as a maximum, until they are allocated to eligible employees. Upon the expiration of this period, the Bank shall follow the procedures and regulations stipulated in the relevant laws and regulations. |
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