Headquarters of the Bank, King Saud Road, Riyadh

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29-11-2020 Corresponding to 14-04-1442

18:30

Shareholders registered with the Securities Depositary Center’s Registry at the end of the trading session preceding the Extraordinary General Assembly Meeting, have the right to attend the Extraordinary General Assembly Meeting accordance with the relevant laws and regulations.

According to Article 32 of the Bank’s bylaws, the quorum necessary to hold the Extraordinary General Assembly is at least fifty percent (50%) of the Bank’s capital. If such quorum is not attained at the first meeting, a second meeting will be held within one hour of the first meeting. The second meeting will be duly convened if attended by a number of shareholders representing at least twenty five percent (25%) of the Bank’s capital.

1. To vote on approving the extension of the maximum period within which the Bank can hold (i) the shares acquired from JP Morgan International Finance Limited (amounting to fifty-six million two hundred and forty-five thousand three hundred and fifty (56,245,350) shares; and (ii) the shares acquired from Mizuho Bank Ltd (amounting to eighteen million seven hundred and forty-nine thousand eight hundred and sixty (18,749,860) shares as treasury shares (the JP Morgan Shares and the Mizuho Shares shall hereinafter be referred to collectively as the “Treasury Shares”), as previously approved by the Extraordinary General Assembly of the Bank dated 28/07/1441H (corresponding to 23 March 2020) to 27/05/1443H (corresponding to 31 December 2021) (the “Extended Longstop Date”);

2. To vote on authorizing the Board of Directors of the Bank (the “Board”) to sell the Treasury Shares at any time before the Extended Longstop Date in one or more tranches and by such terms and through such mechanisms as it deems appropriate (whether through the same process as a rights issue mechanism or otherwise), subject to satisfying the relevant regulatory requirements and obtaining the required regulatory approvals. The Board shall also be authorized to delegate any of the powers set out in this paragraph; and

3. To vote on authorizing the Board to take any and all actions in respect of the disposal of the Treasury Shares (as contemplated in paragraph (2) above), including, without limitation, entering into any agreements or documents in this respect and determining (i) the sale price for the Treasury Shares; (ii) the identity of their purchasers (including, if the Board deems so suitable, selling the Treasury Shares to any persons other than the shareholders of the Bank); and (iii) the terms and conditions of any such sale. The Board shall also be authorized to delegate any of the powers set out in this paragraph.

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 on 10:00 AM, on 10/04/1442H corresponding to 25/11/2020 and will last until the end of the Extraordinary General Assembly.

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.

For any inquiries, please contact the Shareholders Affairs Department (Tel: 0118743000) during official hours, and you can address any inquiries to the Investors Relations Department on the email: shareholders@saib.com.sa

If a shareholder is unable to attend in person, such shareholder may authorize another person (other than members of the board of directors or employees of the Bank) to attend on its behalf, subject to presentation of a written power of attorney (in the attached form) attested by the Chamber of Commerce & Industry (if the shareholder is a member in any of them), a licensed bank or an Authorized Person in the Kingdom (if the shareholder is a company or legal institution, provided that the attorney has an account with the bank or Authorized Person providing such attestation), a notary public or a person authorized to perform attestations. The power of attorney shall be delivered by the shareholder or its attorney by no later than two (2) days prior to the date of the Extraordinary General Assembly Meeting to the Bank’s head office at King Saud Street, P.O. Box 3533, Riyadh 11481.

The original copy of the power of attorney must be submitted prior to convening the Extraordinary General Assembly meeting. All shareholders or their duly appointed representatives are also requested to submit their IDs.