Saudi Awwal Bank Board invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The SAB Board of Directors is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting), to be held at 6:30 PM on Monday 17 Jumada II 1447 corresponding to 8 December 2025. |
| City and Location of the General Assembly's Meeting | Head Office, King Fahad Branch Rd Al Yasmeen Dist. Riyadh - by means of virtual meeting platform. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-12-08 Corresponding to 1447-06-17 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the Bank shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the members of the Board of Directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendee’s right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | As per Article (34) of the Bank’s Bylaws, the Ordinary General Assembly Meeting shall be valid only if attended by shareholders representing at least a quarter of the company's shares with voting rights. In case this quorum is not attained at the first meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and this meeting will be valid regardless of the number of shares with the voting rights represented therein. |
| General Assembly Meeting Agenda | 1) Voting on the election of the Board members among the candidates for the next term, commencing from 1 January 2026 and ending on 31 December 2028, for a term of three years. (Candidates’ resumes attached)
2) Voting on amending the Audit Committee Terms of Reference. (Attached) 3) Voting on amending the Nomination and Remuneration Committee Terms of Reference. (Attached) 4) Voting on amending the Remuneration Policy for Board Directors, Committee Members and Executive Management. (Attached) 5) Voting on amending the Selection Policy for Board and Committee Members. (Attached) 6) Voting on the Standards on Engaging in Competing Business with the Bank. (Attached) 7) Voting on the delegation of the authority of the Ordinary General Assembly, as prescribed in paragraph (1) of Article 27 of the Companies Law, to the Board of Directors whose term will commence on 1 January 2026, until the end of the second quarter of the 2026 fiscal year, in accordance with the conditions set out in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. 8) Voting on the delegation of the authority of the Ordinary General Assembly, as prescribed in paragraph (2) of Article 27 of the Companies Law, to the Board of Directors whose term will commence on 1 January 2026, until the end of the second quarter of the 2026 fiscal year, in accordance with the conditions set out in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, based on the Standards on Engaging in Competing Business with the Bank approved by the General Assembly. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the matters listed in the agenda of the General Assembly and to raise relevant questions to the Board members, noting that the voting is free of charge for all shareholders via: http://tadawulaty.com.sa. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty electronic services platform will be able to vote remotely on the Agenda of the Ordinary General Assembly Meeting, through the electronic voting service, starting from 01:00 a.m. on Thursday 13 Jumada II 1447H (corresponding to 4 December 2025) until the end of the meeting on Monday 17 Jumada II 1447H (corresponding to 8 December 2025). Registration and voting in Tadawulaty services will be available and free for shareholders by using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Governance and Corporate Affairs -The Saudi Awwal Bank (SAB) - During the bank’s official hours by the telephone number +966 114408440 or by E-mail [email protected] |
| Additional Information | All the documents related to the Ordinary General Assembly Meeting agenda above are available at the Bank’s Head office – Governance and Corporate Affairs. |
| Attached Documents | |
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