Bank Albilad Announces Nomination Opening for BOD Membership

Bank Albilad announced the opening of the nomination for the board of directors for upcoming term , for those who meet the conditions of membership in accordance with the Companies’ Law ,the Regulations of Corporate Governance issued by Capital Market Authority, and Banking Control Law, the principles of governance in the financial institutions operating in Saudi Arabia, and the regulations issued by the Central Bank on the requirements of appointment to senior positions in financial institutions (each can be found by visiting their website), the Nomination and Remuneration Committee charter and the rules and controls of nomination and appointment to the Board of Directors and its committees issued by the Bank which approved by the General Assembly (attached).

The announcement of the date of the general assembly meeting, which will include the voting item of electing members of the Board of Directors for the upcoming term, will be after obtaining the necessary approvals from the regulatory authorities.

Anyone who meets these conditions must apply for their nomination during the opening period described below.

The Nomination and Remuneration Committee will consider the applications of the candidates to the qualitative composition required for the board and its committees, diversity in scientific qualification and practical experience, and to prioritize the nomination for the needs required of those with the appropriate skills for board members and its committees as stipulated in the Bank’s governance manual, to ensure that there are no less than four independents while voting in the General Assembly

The General Assembly will be scheduled to take place later after the Bank has obtained the necessary approvals from the regulatory authorities – and it will be limited to those approved by regulators for those who have nominated themselves in accordance with the policies, standards and procedures mentioned below.

The Nomination and Remuneration Committee will consider candidates applications who have not been nominated in the General Assembly through their participation in the sub committees of the board (External Members), if they wish to do so, based on the experiences and qualifications, and to be consider in the succession plan of the members of the board and its committees after obtaining the necessary approvals from regulatory authorities, and in accordance with the policies and mechanisms related to the appointment and replacement adopted by the Bank and in accordance with the structure of the board and its committees in terms of the classification of members and maintaining the mandatory limit on the number of independent members.

Type of assembly is new session. Assembly start date is                17.04.2022 and Assembly end date is 16.04.2025. Number of members is 11. Application start date is 15.12.2021 and application end date is 16.01.2022.

Submitted Applications to the Bank’s Corporate Secretariat:

• At Bank Albilad Head Office – at: Riyadh – Al Mutamarat District – King Fahad Road Intersection with Mecca Road (Khreis) – Saudi Arabia.

Each shareholder has the right to nominate himself or another person to the Board of Directors, who met the terms and criteria for membership contained in the Policy of Rules and Regulations for Nomination and hiring for the Board and its subcommittees.

Nomination requirements:

1. Fill in the nomination form for the board membership in Arabic and English.
2. Fill in the candidate’s resume and a copy of the scientific qualifications and the practical experience in the field of banking (if any) in Arabic and English.
3. Attach a copy of the passport and national identity of Saudis or a copy of the passport and resident identity of non-Saudis.
4. Fill in the Fit & Proper form issued by the Central Bank and attach it to the application for nomination, to send the form in (WORD) and (PDF) format on the email in addition to sending the original by mail, and the form can be obtained by visiting the Website of the Central Bank on

http://www.sama.gov.sa/ar-sa/Services/Documents/FitProper.doc

1. Fill in form (3) CV of the candidate for the board of directors of a joint stock company listed on the Saudi stock market and attach it with the application for nomination, to send the form in both (WORD) and (PDF) format on the email in addition to sending the original by mail, and the form can be obtained by visiting the website of the Capital Market Authority on https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx
2. Fill in the bank’s independence and fulfillment form of the bank’s membership requirements. ( the form can be obtained by e-mail BElections@Bankalbilad.com )
3. Any other additional forms, requirements or documents specified by regulators, or the bank.

All the above forms can be obtained by e-mail (BElections@Bankalbilad.com)