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The Saudi British Bank (SAB) invites its shareholders to attend the Extraordinary General Assembly meeting (the first meeting) virtually, through modern means of communications
| Element List | Explanation |
|---|---|
| Introduction | The SAB Board of Directors are pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (the first meeting), to be held at 6:45 PM on Wednesday 11 Dhul-Qa’da 1444H corresponding to 31 May 2023G, via electronic communication means using Tadawulaty. |
| City and Location of the General Assembly's Meeting | Head Office, Prince Abdulaziz Bin Musaid Bin Jalawi Street in Riyadh - by means of virtual meeting platform. |
| URL for the Meeting Location | http://tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-05-31 Corresponding to 1444-11-11 |
| Time of the General Assembly's Meeting | 18:45 |
| Attendance Eligibility | In accordance with the applicable rules and regulations, every shareholder registered in the bank's shareholder register in the depository center at the end of the trading session preceding the general assembly meeting is entitled to attend the assembly meeting. |
| Quorum for Convening the General Assembly's Meeting | As per Article (39) 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 this quorum Is not attained at the first 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. |
| General Assembly Meeting Agenda | 1) Voting on the amendment of Article (2) of the Company’s bylaws relating to (Company Name). (Attached) 2) Voting on the amendment of Article (13) of the Company’s bylaws relating to (Capital Increase). (Attached) 3) Voting on the amendment of Article (16) of the Company’s bylaws relating to (Issuance and Offering of Debt Instruments). (Attached) 4) Voting on the amendment of Article (22) of the Company’s bylaws relating to (Authorities of the Chairman, Vice-Chairman and Managing Director). (Attached) 5) Voting on the amendment of Article (23) of the Company’s bylaws relating to (Authorities of the Managing Director). (Attached) 6) Voting on amending the Bylaws to align with the new Companies Law. (Attached) 7) Voting on the rearrangement of articles and their numbering in the Company’s Bylaws to be in compliance with proposed amendments. If approved. (Attached) 8) Voting on amending the Audit Committee Terms of Reference. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders registered on the (Tadawulaty) electronic services website will be able to vote remotely on the Agenda of the Extraordinary General Assembly meeting, through the electronic voting service, starting from Saturday 7 Dhul-Qa’da 1444H corresponding to 27 May 2023G until the end of the meeting on Wednesday 11 Dhul-Qa’da 1444H corresponding to 31 May 2023G. Registration and voting in (Tadawulaty) services will be available and free for all shareholders by using the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes. The shareholder has the right to discuss the topics listed on the agenda of the general assembly and ask questions. |
| Method of Communication | Company Secretary -The Saudi British Bank (SAB) - During the bank official hours by the telephone number +966 114408440 or by E-mail reg.hor@sab.com or by the Fax number 0112763414 P.O. Box 9084, Riyadh 11413, Head Office. |
| Additional Information | All the documents related to the General Assembly Meeting agenda above are available at the Bank Head office – Company Secretary Department. |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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