Investors are stakeholders who provide the Bank with the capital it requires to operate and are critical to its value creation process.
In return, the Bank seeks to maximize investor wealth by acting in a way that allows for sustainable, long-term returns. The Bank has a responsibility to be transparent with its investors about all aspects of its performance, policies, forecasts for future performance, plans, strategies, and risks. SAIB complies with all regulatory requirements and its own policies by regularly engaging with its investors and disclosing information to the general public through the media, its website, and on the Tadawul.
The Bank’s Articles of Association and corporate governance rules express the rights of shareholders, the guidelines for relationships with them, and the mechanisms for exercising their rights. These are also governed by the Saudi Company Law which lay out the rules and procedures for shareholders to exercise their rights, including rights to relating to dividends, convening meetings, attendance and participating at meetings, voting rights, and rights to information. A provision for shareholders to make complaints also assures that they will be attended to and are entitled to a reply detailing any action taken in response to their complaint.
As of December 31, 2020, the market value of the Bank’s ordinary share was SAR 16.00 as against SAR 18.04 on December 31, 2019. During the year, the highest share price recorded was SAR 18.06 on January 9 and the lowest share price recorded was SAR 11.62 on March 23.
The breakup of the shareholdings as at December 31, 2020 is as follows:
