December 21 .. SABB GA votes to elect members of BOD

The SABB Board of Directors invited the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) to be held on Wednesday, 21 December 2022, via electronic communication means using Tadawulaty.
General Assembly Meeting Agenda:
1- Voting for election of the Board members from among the candidates for the next term, commencing on 01/01/2023 for a term of three years, ending on 31/12/2025
2- Voting on the formation of the Audit Committee and the definition of its duties, work regulations and remuneration of its members for the new term, starting on 01/01/2023. until the end of the term on 31/12/2025. The following are the names of the candidates
Mr. Martin Powell
Mr. Andrew Jackson
Mr. Abdullah Jaber Faifi
Dr. Ammr Khalid Kurdi
3- Voting on delegating to the Board of Directors for the new period that begins on 01/01/2023G the authority of the Ordinary General Assembly. This is in accordance with the authorization contained in paragraph (1) of Article (71) of the Companies Law, for a period of one year from the date of the approval by of the Ordinary General Assembly or until the end of the delegated Board of directors term, whichever is earlier, and the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.
4- Voting on amending the Audit Committee Terms of Reference.
5- Voting on amending the Nomination and Remuneration Committee Terms of Reference.
6- Voting on amending the Selection Policy for Board and Board Committee Members.
Shareholders registered on the (Tadawulaty) electronic services website will be able to vote remotely on the Agenda of the General Assembly meeting, to 17 December 2022 until the end of the meeting on Wednesday through the electronic voting service, starting from on Saturday 21 December 2022.
Eligibility for attendance registration and voting for the meeting ends at the time of the assembly meeting. The eligibility to vote on the General Assembly’s agenda for those present ends when the counting committee completes counting the votes.
– All the documents related to the Ordinary General Meeting agenda above are available at the Bank Head office – Company Secretary Department.
– As per Article 17 of SABB Bylaws, The Bank shall be managed by a Board of Directors, which shall be composed of eleven (11) directors, eight (8) of whom shall be appointed by the Ordinary General Meeting for three year terms by way of election pursuant to the accumulative voting method (“the Elected Directors”), and three (3) of whom shall be appointed by the shareholders HSBC Holding B.V.