January 11: SNB GA to vote on amending remuneration policy ‎for senior executives ‎

The Board of Directors of Saudi National Bank invited the honorable members to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held on January 11, 2024 at six thirty in the evening, via modern technology.

The bank confirmed that the meeting will vote on the Board of Directors’ decision to appoint Nayef Al-Murshed as a “non-executive” member, starting from the date of his appointment to complete the current Board session, succeeding the previous member, Ammar Al-Khudairi.

The meeting will also vote on appointing the bank’s auditors from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the first, second, third and annual quarters of the fiscal year 2024, and the first quarter of the Malaysian year 2025 and determine their fees.

The meeting will also vote on amending the policy, criteria and procedures for nomination for membership of the Board of Directors, in addition to amending the bylaws of the Nominations and Remuneration Committee, amending the bylaws of the Audit Committee, and the remuneration policy for senior executives.