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The Saudi Investment Bank Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Investment Bank is pleased to announce the opening of nomination for the Bank’s Board of Directors for the next three-year term beginning on February 14, 2025 and ending on February 13, 2028. The individuals who wish to nominate themselves for membership of the Board of Directors, and who meet the conditions and qualifications of membership are invited to submit their application in accordance with the details mentioned in this announcement. |
| Type of Assembly | New Session |
| Term Start Date | 2025-02-14 |
| Term End Date | 2028-02-13 |
| Number of members | 9 |
| Nomination Start Date | 2024-09-19 Corresponding to 1446-03-16 |
| Nomination End Date | 2024-10-19 Corresponding to 1446-04-16 |
| Applications Submission Method | Applications and related attachments must be sent to The Saudi Investment Bank P.O Box 3533 - Riyadh 11481 - attention: Board Secretary, or by e-mail (corporate_governance@saib.com.sa). For any inquiries or further information, please contact the Board Secretary telephone number: (0118743000) during bank official hours (from 8:00 am to 4:00 pm). |
| Policy and criteria of nomination | Each shareholder has the right to nominate himself/herself or another person or more from shareholders or others for membership of the Board of Directors given that he/she fulfils the conditions and qualifications for membership according to the Board of Directors Membership Selection Criteria Policy (attached). Required Documents for Board of Directors nomination: 1. Filling the nomination application form for membership in the Saudi Investment Bank's Board of Directors (attached). 2. Filling the fit and proper criteria form issued by the Saudi Central Bank "SAMA". and send it in Word and PDF format. The form is available on the SAMA website:https://www.sama.gov.sa/ar-sa/BankingControl/Pages/Forms.aspx 3. Filling Form (3) - Candidate CV Form - issued by Capital Market Authority and send it in Word and PDF format. (attached). 4. Submit a statement of the companies or institutions in which the candidate is a member of their board of directors, committees, management, ownership, or representation (attached). 5. Submit a statement indicating whether the candidate has a direct or indirect interest in the businesses and contracts with the bank, or acknowledge that he or she does not have such an interest (attached). 6. Submit a statement indicating whether the candidate has a direct or indirect activities that compete with the activities of the bank or its group, or acknowledge that it does not exist (attached). In accordance to standards of Competing with the Saudi Investment Bank (attached). 7. Provide a profile of the candidate, including his qualifications and experience. And attach supporting documents and certificates. 8. Provide a clear copy of the passport, national ID card, and family card for Saudis, and a copy of the passport and resident ID card for non-Saudis and their family members. 9. Submitting the declaration form stating that all requirements for nomination to membership in the Board of Directors have been fulfilled and providing it to the bank (attached). 10. Providing any additional information or documents the Bank and regulatory authorities might request later. Candidate Conditions: BOD Membership Selection Criteria Policy (attached) |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |  |
| 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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