The Saudi Investment Bank's Board of Directors would like to invite the shareholders to it's Extraordinary General Assembly which will be held on Monday 29/04/1434H corresponding to 11/03/2013G at 8:30 p.m. at the Bank's Head Office building on Ma'ather street.
Agenda of the meeting:
- Approval of Board of Directors report to the shareholders on SAIB's results as of and for the year ended December 31, 2012.
- Approval of SAIB's financial statements as of and for the year ended December 31, 2012.
- Releasing the Board of Directors for their actions during the period from 01/01/2012 to 31/12/2012.
- Approval of the Board's proposal to select external auditors for the year 2013, and establishing relevant fees.
- Approval of the Board's proposal to pay dividends of SAR 0.70 per share after Zakat deduction representing 7% of the share par value.
- Approval of the standards and procedures for membership of the Board Directors.
- Approval of the rules organizing the audit committee members' selection, their term, and the rules governing the committee's conduct.
- Approval of the amendment in Article numbers 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 30, 31, 32, 33, 34, 36, 37, 38, 39, 41, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55 of the Bank's Articles of Association.
- Renumbering and rearranging the Articles of Association to be consistent with the mentioned amendments.
All shareholders are eligible to attend the meeting. The shareholders also have the right to appoint any other shareholder (neither a Board member nor a Bank staff) to represent him in the meeting through a written power of attorney. The power of attorney should be sent to the Bank at least one week before the meeting. The shareholder should present all required documents to support his ownership. We request all shareholders to be present at least one hour before the meeting. For more details on the amendments in the Articles of Association, please visit the Bank's website www.saib.com.sa.
The Bank would also like to inform its shareholders that the dividends approved by the General Assembly will be distributed to the shareholders as of March 11, 2013 and will be transferred only to those who have investment portfolios. As for shareholders who have not informed us of their portfolio numbers, the Bank will retain their dividends until the Bank receives a confirmation of their portfolio numbers. Therefore, we recommend that shareholders who do not have portfolios to approach any bank to open such.
The quorum for the Extraordinary General Assembly is the attendance of shareholders owning at least two thirds of the capital.
Board of Directors.
