ANB GA Discusses BOD Distribution of SR675 mln Profits for 2H of 2021

The Board of Directors of the Arab National Bank (ANB) invited its honorable shareholders to attend the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held on Tuesday 12.04.2022, to be held virtually through Tadawulaty Platform (http://tadawulaty.com.sa), in order to protect the shareholders health and prevent the spread of the Coronavirus (COVID-19), as per preventive and precautionary efforts and measures by the relevant health authorities and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

General Assembly agenda:

To vote on the Board of Directors’ recommendation to distribute cash dividends for the second half of 2021 at 0.45 Halalas per share, at a total amount of SR675 million, or 4.5% of the nominal value of the share, bearing in mind that the eligibility for the profits of the second half will be the right of the shareholders who own shares at the end of trading on the day of the assembly’s meeting and who are registered in The bank’s shareholders are registered with the Depository Center Company at the end of the second trading day following the due date, provided that the distribution of profits will start on April 21, 2022.

As per the rules and regulations, any shareholder registered in the Bank share registry at the Depository Centre as of the end of the trading session preceding the EGM, shall be entitled to attend the EGM.

As per Article (35) of the Bank’s Bylaws, the EOGM shall be valid only if attended by shareholders representing at least half of the share capital. in case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and this meeting will be valid if attended by shareholders representing at least one quarter of the share capital.

The shareholders who are registered in Tadawulaty will be able to remotely vote on the items of Extraordinary General Assembly meeting starting on Friday 08.04.2022, and continue until the end of the EGM.

Eligibility for the attendance registration of the EGM ends upon convening the EGM. Eligibility for voting on the EGM agenda items for the shareholders who attended through modern means ends upon the Counting Committee concluding the voting count.