THE SAUDI NATIONAL BANK (SNB) INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY MEETING, (FIRST MEETING) by means of modern technology.
|Introduction||The Board of Directors of the Saudi National Bank (SNB) is pleased to invite SNB'S shareholders to attend the Ordinary General Assembly Meeting, (First Meeting), which is scheduled to be held, at 18:30 on Monday 18/11/1442H (corresponding to 28/06/2021G), by means of modern technology. This is to ensure the safety of the shareholders and in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.|
|City and Location of the General Assembly's Meeting||In the Bank’s Head office, in Riyadh, SNB Tower, KAFD|
|URL for the Meeting Location||www.tadawulaty.com.sa|
|Date of the General Assembly's Meeting||2021-06-28 Corresponding to 1442-11-18|
|Time of the General Assembly's Meeting||18:30|
|Attendance Eligibility||As per the rules and regulations, any shareholder registered in SNB's share registry at the Depository Centre as of the end of the trading session preceding the Ordinary General Assembly’s Meeting, shall be entitled to attend the Ordinary General Assembly’s Meeting.|
|Quorum for Convening the General Assembly's Meeting||As per Article (32) of SNB Bylaws, the Ordinary General Assembly Meeting shall be valid only if attended by shareholders representing at least half of the share capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and this meeting shall be deemed validly held, regardless of the number of shares represented thereat.|
|General Assembly Meeting Agenda||Voting on increasing the number of Audit Committee seats from (4) to (5) seats, whereby the number of Audit Committee members becomes (5) members, by appointing (Mr. Abdullah Abdulrahman Alrowais/ Independent Board Member) as a member of Audit Committee starting from the date of the assembly's approval until the end of the current committee’s term of office on 14/05/2024 G. (CV attached)|
|E-Vote||All shareholders who are registered on Tadawulaty will be able to remotely vote on the Ordinary General Assembly agenda items which shall commence at 10:00 A.M on Thursday 14/11/1442 (corresponding to 24/06/2021) and continue until the end of the Ordinary General Assembly Meeting. The registration and voting in Tadawulaty services will be available for all shareholder free of charge through the following link: www.tadawulaty.com.sa|
|Eligibility for Attendance Registration and Voting||Eligibility for registering the attendance for the Ordinary General Assembly’s Meeting ends upon the convenience of the General Assembly’s Meeting. Eligibility for voting on the Meeting's Agenda for the shareholders who attended ends upon the Counting Committee concludes counting the votes.|
|Method of Communication||For inquiries please contact the Shareholders affairs Department on telephone no. 0112999666 or by email: ShareholdersAffairs@alahli.com|
The Capital Market Authority and the Saudi Stock 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.