The Saudi Investment Bank Announces Calling Candidature for Board Members Elections

Element list

Explanation

Introduction

Type of Assembly

New Session

Assembly Start Date

2025-02-14 Corresponding to 1446-08-15

Assembly End Date

2028-02-13 Corresponding to 1449-09-17

Number of members

9

Application Start Date

2024-09-19 Corresponding to 1446-03-16

Application End Date

2024-10-19 Corresponding to 1446-04-16

Applications Submission Method

Applications and related attachments must be sent to The Saudi Investment Bank P.O Box 3533 - Riyadh 11481 - attention: Board Secretary, or by e-mail (corporate_governance@saib.com.sa). For any inquiries or further information, please contact the Board Secretary telephone number: (0118743000) during bank official hours (from 8:00 am to 4:00 pm).

Application Requirements

Each shareholder has the right to nominate himself/herself or another person or more from shareholders or others for membership of the Board of Directors given that he/she fulfils the conditions and qualifications for membership according to the Board of Directors Membership Selection Criteria Policy (attached).

Required Documents for Board of Directors nomination:



1. Filling the nomination application form for membership in the Saudi Investment Bank's Board of Directors (attached).

2. Filling the assessment of independency (attached).

3. Filling the fit and proper criteria form issued by the Saudi Central Bank "SAMA". and send it in Word and PDF format. The form is available on the SAMA website:https://www.sama.gov.sa/ar-sa/BankingControl/Pages/Forms.aspx

4. Filling Form (3) - Candidate CV Form - issued by Capital Market Authority and send it in Word and PDF format. (attached).

5. Submit a statement of the companies or institutions in which the candidate is a member of their board of directors, committees, management, ownership, or representation (attached).

6. Submit a statement indicating whether the candidate has a direct or indirect interest in the businesses and contracts with the bank, or acknowledge that he or she does not have such an interest (attached).

7. Submit a statement indicating whether the candidate has a direct or indirect activities that compete with the activites of the bank or its group, or acknowledge that it does not exist (attached).

8. Provide a profile of the candidate, including his qualifications and experience. And attach supporting documents and certificates.

9. Provide a clear copy of the passport, national ID card, and family card for Saudis, and a copy of the passport and resident ID card for non-Saudis and their family members.

10. Submitting the declaration form stating that all requirements for nomination to membership in the Board of Directors have been fulfilled and providing it to the bank (attached).

11. Providing any additional information or documents the Bank and regulatory authorities might request later.

Candidate Conditions

BOD Membership Selection Criteria Policy.

Attached Documents

• Nomination form for membership in the Board of Directors.
• The assessment of independency form.
• Forms addendum to the nomination application.
• Statement form for Submitting all Nomination Requirements for Membership on the Board of Directors.
• Standards of Competing with the Saudi Investment Bank