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

21/01/2025

Element list

EXPLANATION

Introduction

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 Wednesday 12/02/2025 corresponding to 13/08/1446, by means of modern technology.

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

http://www.tadawulaty.com.sa/

Date of the General Assembly's Meeting

12/02/2025 Corresponding to 13/08/1446

Time of the General Assembly's Meeting

19:30

Attendance Eligibility

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.

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 elect members of the board for the next term which will start on February 14, 2025 for a period of three years until February 13, 2028 (CVs of the candidates are attached). In the event that the voting results do not enable the Bank to appoint the minimum number of independent members to the Board as per the regulatory requirements, the non-independent members will be replaced by independent members according to the number of votes they will get.

2. Vote on the appointment of the Bank's external Auditors, among the candidates, based on Audit Committee recommendation, to examine, review and audit the (first, second, third) quarter and annual financial statements of the fiscal year 2025, in addition to the first quarter of 2026 along with determining their fees.

3. Vote on Delegating the Ordinary General Assembly authorization powers stipulated in Paragraph (1) of Article (27) of the Companies Law to the Board of Directors, for one year from the Ordinary General Assembly approval date, or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies.

4. Vote on Delegating the Ordinary General Assembly authorization powers stipulated in Paragraph (2) of Article (27) of the Companies Law to the Board of Directors, for one year from the Ordinary General Assembly approval date, or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies and based on Standards of Competing businesses with the Saudi Investment Bank approved by the Extraordinary General Assembly on February 2022.

E-Vote

Shareholders registered in Tadawulaty system will be able to vote remotely on the Ordinary General Assembly agenda items starting at 1:00 am on Saturday, 08/02/2025 corresponding to 09/08/1446, 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

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, 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.

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 Shareholders affairs on the email: shareholders@saib.com.sa

Additional information

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