ANB Sanctions Business and Contracts with Related Entities, Including a Significant Deal with Alkhaleej Training

The Arab National Bank’s Board of Directors disclosed on Wednesday the outcomes of the Extraordinary General Assembly Meeting, conducted remotely on Tuesday. Key among the approved resolutions were the business dealings and contracts between the bank and Alkhaleej Training and Education Company. This includes a manpower supply agreement where Mr. Salah Rashid Alrashed, the Board Chairman, holds an indirect interest. Notably, these transactions, integral to the bank’s routine operations throughout 2023, amounted to SR 14,148,310, executed without any special conditions or preferential treatments.