Extraordinary General Assembly Meeting First Meeting 2025 - anb
17 Mar, 2025
Extraordinary General Assembly Meeting 2025
The Arab National Bank is pleased to invite its honorable shareholders to attend the Extraordinary General Assembly Meeting (the first meeting), which is scheduled to be held, at 6:30 pm on Tuesday 10 Shawwal 1446 H corresponding to 08 April 2025 G, by Means of Modern Technology.
| 1- Reviewing and discussing the Board of Directors' report for the Financial year ending on 31-12-2024.) attached ( |
| 2- Reviewing and discussing the financial statements for the fiscal year ending on 31-12-2024. |
| 3-Voting on the Auditor's report for the Financial year ending on 31-12-2024. (attached) |
| 4- Voting on the appointment of the external auditors among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the (first, second, third,) quarters and the annual financial statements of the fiscal year 2025 G, In addition to the first quarter of 2026 G, along with determining their fees and they are. (1) Ernst & Young (EY) Co. (2) (Deloitte) Co. (3) Allied Accountants Professional Services (RSM) Co. (4) Al Bassam Chartered Accountants (PKF) Co. (5) Alluhaid & Alyahya Chartered Accountants (LYCA) Co. |
| 5- Voting on discharge of Board of Directors members for fiscal year 2024. |
| 6-Voting on authorizing the Board of Directors to distribute interim (semiannual or quarterly) dividends for the fiscal year 2025. |
| 7-Voting on disbursing an amount of (10,007,000) SAR as a remuneration to the Board members against fiscal year ended 31-12-2024. |
| 8- Voting on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article twenty seven from the Companies Law, for a period of one year starting from the date of the General Assembly approval or until the end of the delegated Board of Directors ‘cycle, whichever is earlier, in accordance with the conditions set forth in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. |
| 9- Voting on Rules and Standards of Competing with Arab National Bank Business. (attached) |
| 10- Voting on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (2) of Article twenty seven from the Companies Law, for a period of one year starting from the date of the General Assembly approval or until the end of the delegated Board of Directors ‘cycle, whichever is earlier, in accordance with the conditions set forth in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies subject to the approval of Rules and Standards of Competing with Arab National Bank Business item number (9). |
| 11- Voting on the participation of Board Member Obaid Abdullah Al Rasheed in a work that competes with the Bank business. (attached) |
| 12- Voting on amendment the Employee Share Program and delegate the Board of Directors to determine the terms of this program, including the allocation price for each share offered to employees, if paid. (attached) |
| 13- Voting on the bank’s purchase of a number of its shares, up to a maximum of (10,000,000) of its shares, with the aim of allocating them to the bank’s employees within the Employee Share Program. The purchase will be financed through the bank’s own resources, and to delegate the Board of Directors to complete the purchase process within a maximum period of eighteen months from the date of the Extraordinary General Assembly. The bank will retain the purchased shares for a period not exceeding (10) years from the date of the extraordinary general assembly’s approval as a maximum until they are allocated to eligible employees. After the expiration of this period, the bank will follow the procedures and controls stipulated in the relevant laws and regulations. (attached). |
| 14- Voting on amendment of Remuneration Policy for Board of Directors, Sub-board Committee Members and Executives Management. (attached). |
| 15- Voting on amendment of Audit Committee Terms Of Reference. (attached). |
| 16- Voting on amendment of Board Membership Nomination Criteria Policy and Procedures . (attached). |
| 17- Voting on the amendment of Article (17) of the Bank's Bylaws Concerning the Formation of the Board of Directors. (attached). |
| 18- Voting on the amendment of Article (20) of the Bank's Bylaws Concerning the Vacant Positions in the Board. (attached). |
| 19- Voting on the amendment of Article (23) of the Bank's Bylaws Concerning the Chairman, Vice- Chairman and Managing Director (attached). |
| 20- Voting on the amendment of Article (37) of the Bank's Bylaws Concerning the Decisions of the Assemblies. (attached). |
| 21- Voting on the amendment of Article (50) of the Bank's Bylaws Concerning the Final Provisions. (attached). |
| 22- Voting on contracts and business dealings between the bank and ABANA Company, in which Board Chairman, Mr. Salah Rashid Alrashid, has an indirect interest, Money Transport, ATM Replenishment, and CCTV project of the bank.The total transactions with the bank during the year 2024 amounted is SR 1,906,228 without conditions or preferential benefits. (attached). |
| 23- Voting on contracts and business dealings between the bank and Alkhaleej Training and Education Company, in which Board Chairman, Mr. Salah Rashid Alrashid, has an indirect interest, relating to manpower supply agreement (labor services) executed in the ordinary course of business of the Bank.The total transactions with the bank during the year 2024 amounted is SR 1,267,477, and without conditions or preferential benefits. (attached). |
| 24- Voting on contracts and business dealings between the bank and Walaa Cooperative Insurance Company in which Board Member, Mr. Hesham Abdulltaif Aljabr, has an indirect interest being a board member of Walaa Cooperative Insurance Company, relating to renewal of insurance policies for the benefit of ANB national bank. The total transactions with the bank during the year 2024 amounted is SR 1,540,920 without conditions or preferential benefits. (attached). |
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Arab National Bank (anb) - a Saudi joint stock co. - paid up capital SR. 20,000 Million - Unified No. 7000018007 - License No. 4017/m/a/254- National Address 7317 King Faisal Rd. Al Murabba, unit number 1, Riyadh 12613-3536 - P.O. Box 56921, Riyadh 11564, Kingdom of Saudi Arabia - Website: anb.com.sa - Telephone +966114029000 - Fax +966114027747 The Bank is regulated and supervised by Saudi Central Bank
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