The Saudi Investment Bank invites its Shareholders to attend the Ordinary General Assembly (First Meeting) By Means of Modern Technology

The Saudi Investment Bank invites its Shareholders to attend the Ordinary General Assembly (First Meeting) By Means of Modern Technology


Element list



The Board of Directors of the Saudi Investment Bank is pleased to invite its shareholders to attend the Ordinary General Assembly meeting (First Meeting) that will be conducted by means of modern technology, in order to ensure the safety of the bank's shareholders and in an effort to support the efforts and preventive measures taken by the competent and relevant health authorities in relation to addressing the novel coronavirus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take preventive measures to prevent its spread.

City and Location of the General Assembly's Meeting

Headquarters of the Bank, King Saud Road, Riyadh (by means of modern technology)

URL for the Meeting Location

Date of the General Assembly's Meeting

2022-04-19 Corresponding to 1443-09-18

Time of the General Assembly's Meeting


Attendance Eligibility

Shareholders Registered in the Issuer’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

Quorum for Convening the General Assembly's Meeting

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.

General Assembly Meeting Agenda

1. Voting on the Board of Directors' report for the fiscal year ending on 31 December 2021. 2. Voting on the external Auditors report for the fiscal year ending on 31 December 2021.

3. Voting on the financial statements for the fiscal year ending on 31 December 2021.

4. Voting on releasing the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2021.

5. Voting on appointing the auditors for the Bank from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the (first, second, third) quarter and annual financial statements of the fiscal year 2022.

6. Voting on paying an amount of (SAR 5,185,000) as remuneration to the Board members for the fiscal year ending on 31 December 2021.

7. Voting on increasing the number of Audit committee members from (4) to (5) members and appointing of Mr. Khaled Salem Al Rowais as member and Chairman of the Audit Committee from the date of the General Assembly’s approval until the end of the Board’s term 13/02/2025

8. Voting on delegating the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2022.

9. Voting on delegating the ordinary general assembly its authorization powers stipulated in paragraph (1) of Article 71 of the Companies Law to the company’s board of directors, for a maximum of one year from the date of approval by the general assembly to delegate its powers, or until the end of the session of the delegated board of directors, whichever is earlier, in accordance with the conditions contained in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.

10. Voting on the dealings and contracts between the Bank and AlTawauniya for Insurance Company in which the member of the Board of Directors Mr. Abdulaziz Abdulrahman AlKhamis has an indirect interest as Vice Chairman of the Company. This relates to providing Insurance services to the Bank’s employees, which was made through competition and without preferential terms or benefits and for which the total transactions during the year 2021G amounted to (26,077,239 SAR) including VAT.

Proxy Form


Shareholders registered in Tadawulaty system will be able to vote remotely on via the website

Tadawulaty registration and voting on the General Assembly agenda items is free of charge. will start at 10:00 am on Friday, 15/04/2022G corresponding to 1443/09/14H and will end once the Ordinary General Meeting is ended

Eligibility for Attendance Registration and Voting

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

Method of Communication

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:

Attached Documents

Tadawul link