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Riyad Bank Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Riyad Bank’s Board of Directors is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | Riyadh city at the Riyad Bank - Heart of Riyad Tower on Olaya street , and by means of modern technology |
| Date of the General Assembly's Meeting | 2022-10-23 Corresponding to 1444-03-27 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 76.42% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members have attended the meeting: 1. Eng. Abdullah Mohammed Al-Issa (Chairman of the Board ) 2. Eng. Mutaz Kusai Al-Azzawi (Vice-Chairman of the Board) 3. Mr. Ibrahim Hassan Sharbatly 4. Mr. Jamal Abdulkarim Al-Rammah 5. Mr. Talal Ibrahim Al-Qudaibi 6. Mr. Abdul-Rahman Amin Jawa 7. Mr. Mohammed Talal Al-Nahas 8. Mr. Mohammed Abdulaziz Al-Afaleq 9. Mr. Mohammed Omair Al-Otaibi 10. Mr. Nader Ibrahim Ali Al-Wehibi No one was absent |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Eng. Abdullah Mohammed Al-Issa (Chairman of the Board and Chairman of the Strategic Planning Group) 2. Eng. Mutaz Kusai Al-Azzawi (Vice-Chairman of the Board and Chairman of the Nominations & Compensations Committee) 3. Mr. Jamal Abdulkarim Al-Rammah (Chairman of the Audit Committee) 4. Mr. Talal Ibrahim Al-Qudaibi(Chairman of the Executive Committee) 5. Mr. Mohammed Abdulaziz Al-Afaleq (Chairman of the Risk Management Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the election of the following members of the Board of Directors for the new period of three years starting from 31.10.2022 until 30.10.2025 1. Mr. Ibrahim Hassan Sharbatly 2. Mr. Jamal Abdulkareem Al- Rammah 3. Mr. Abdul Rahman Al Thehaiban 4. Eng. Abdullah Mohammed Al-Issa 5. Eng. Omar Hamad Almadhi 6. Eng. Mutaz Kusai Al Azzawi 7. Ms. Mona Mohammed Al Tawil 8. Mr. Nader Ibrahim Al-Wehibi 9. Mr. Hani Abdullah Aljehani 10. Mr. Yasir Abdullah Alsalman 2. Approval of the formation of the Audit Committee for the new period of three years starting from 31.10.2022 until 30.10.2025, and on its duties and internal regulations as well as on the remuneration of its members, represented by the following members: 1. Mr. Jamal Abdulkareem Al- Rammah (Chairman of the Committee) 2. Ms. Mona Mohammed Al Tawil (Member of the Committee) 3. Mr. Tareq Abdullah Al-Qaraawy (Member of the Committee) 4. Mr. Eid Faleh Al Shamri (Member of the Committee) 5. Dr. Wadhaah Ibrahim Mubarak (Member of the Committee) 3. Approval on delegating the Board of Directors for the new period that begins on 31/10/2022 with the authority of the General Assembly as per 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 General Assembly or until the end of the delegated Board of directors term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. |
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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