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Element list
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EXPLANATION
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Introduction
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The Board of Directors of the Saudi Investment Bank is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting) which scheduled to be held at 7:30 PM on Sunday 27/04/2025 corresponding to 29/10/1446, by means of modern technology.
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City and Location of the General Assembly's Meeting
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Headquarters of the Bank, King Saud Road, Riyadh (by means of modern technology)
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URL for the Meeting Location
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http://www.tadawulaty.com.sa/
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Date of the General Assembly's Meeting
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27/04/2025 Corresponding to 29/10/1446
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Time of the General Assembly's Meeting
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19:30
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Attendance Eligibility
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Shareholders Registered in the Bank’s Shareholders’ Registry in the Depository Centre at the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
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Quorum for Convening the General Assembly's Meeting
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According to Article (31) of the Bank’s bylaws, a meeting of the Ordinary General Assembly shall be valid only if attended by Shareholders representing at least 25% 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 valid regardless of the number of shares represented therein.
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General Assembly Meeting Agenda
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1. View and discuss the Board of Directors' report for the fiscal year ending on 31 December 2024.
2. Vote on the external Auditors report for the fiscal year ending on 31 December 2024 after discussing it.
3. View and discuss the financial statements for the fiscal year ending on 31 December 2024.
4. Vote on releasing the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2024.
5. Vote on paying an amount of SAR 14,140,000 as remuneration to the Board members for the fiscal year ending on 31 December 2024.
6. Vote on the business and contracts concluded between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz AlKhamis has an indirect interest being a Board member of the Company's Board of Directors. This transaction is for providing Medical Insurance services to the Bank’s employees for the year 2024/2025, with a total amount of (SAR 35,333,396), which was made through competition and without preferential terms or benefits.
7. Vote on the business and contracts concluded between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz AlKhamis has an indirect interest being a Board member of the Company's Board of Directors. This transaction is for providing Cyber Risk Insurance services to the Bank for the year 2024/2025, with a total amount of (SAR 2,062,526.25), which was made through competition and without preferential terms or benefits.
8. Vote on the business and contracts concluded between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz AlKhamis has an indirect interest being a Board member of the 9. Company's Board of Directors. This transaction is for providing Life Insurance services to the Bank’s employees for the year 2024/2025, with a total amount of (SAR 835,308.44), which was made through competition and without preferential terms or benefits.
9. Vote on the business and contracts concluded between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz AlKhamis has an indirect interest being a Board member of the Company's Board of Directors. This transaction is for providing Marine Cargo Insurance services to the Bank for the year 2024/2025, with No Financial Impact on SAIB, which was made through competition and without preferential terms or benefits.
10. Vote on the business and contracts concluded between the Bank and MedGulf Insurance Company in which the member of the Board of Directors Mr. Abdulrahman AlRawaf has an indirect interest being a Board member of the Company's Board of Directors. This transaction is for providing Bankers Blanket Bond Insurance services to the Bank for the year 2024/2025, with a total amount of (SAR 3,742,192.50), which was made through competition and without preferential terms or benefits.
11. Vote on the business and contracts concluded between the Bank and MedGulf Insurance Company in which the member of the Board of Directors Mr. Abdulrahman AlRawaf has an indirect interest being a Board member of the Company's Board of Directors. This transaction is for providing General Insurance services to the Bank for the year 2024/2025, with a total amount of (SAR 627,789.09), which was made through competition and without preferential terms or benefits.
12. Vote on Delegating the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2025.
13. Voting on the amendments to SAIB’s Standards of Competing.
14. Voting on the amendments to the Audit Committee Charter.
15. Voting on the amendments to the Nomination and Remuneration Charter.
16. Voting on the amendments to the SAIB’s Remuneration Policy fort Board, Board Committees & Executive Management.
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E-Vote
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Shareholders registered in Tadawulaty system will be able to vote remotely on the Ordinary General Assembly agenda items starting at 1:00 am on Wednesday 23/04/2025 corresponding to 25/10/1446, and will end once the Assembly Meeting is ended.
Tadawulaty registration and voting on the Ordinary General Assembly agenda items is free of charge and available to all shareholders, via the Tadawulaty website http://www.tadawulaty.com.sa
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Eligibility for Attendance Registration and Voting
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Eligibility for registering the attendance of the General Assembly’s meeting ends upon the convenience of the General Assembly’s meeting, and eligibility for voting on the meeting agenda items for shareholders who attend ends upon the counting committee concludes counting the votes, also the attending shareholders have the right to discuss the agenda and raise questions.
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Method of Communication
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For any inquiries, please contact the Shareholders Affairs Department Tel 0118743000 during official hours, and you can address any inquiries to the Shareholders affairs on the email: shareholders@saib.com.sa
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Additional information
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Please be advised that the General Assembly meeting will broadcast live through the link available on Tadawulaty. Questions and inquires during the General Assembly meeting, will be available through immediate text messages (via application) or contacting Shareholders Affairs via Tel 0118743000 or email: shareholders@saib.com.sa
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