Bank Albilad — Proxy Solicitation & Information Statement 2020

Apr 21, 2020

Bank Albilad invites its shareholders to attend the Extraordinary General Assembly (First Meeting)

1140 · 21/04/2020 08:05:41 · Announcement #58604 · View on Saudi Exchange

Bank Albilad invites its shareholders to attend the Extraordinary General Assembly (First Meeting)

Element List	Explanation
Introduction	The Board of Directors is pleased to invite the Bank’s shareholders to attend the extraordinary general assembly meeting (First Meeting) that will be conducted by means of modern technology using Tadawulaty system, based on the Capital Market Authority circular which stipulates that listed companies should conduct their general assemblies through modern technology, and suspend the presence until further notice, to ensure the safety of traders in the financial market, and to support the efforts and precautionary measures to prevent the spread of Coronavirus (COVID-19), and in continuation of the continuous efforts made 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	Head Office - Riyadh
URL for the Meeting Location	https://goo.gl/maps/oti8VAurSw5fX1yF6
Date of the General Assembly's Meeting	2020-05-12 Corresponding to 1441-09-19
Time of the General Assembly's Meeting	22:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting	According to Article (32) of the bank’s Articles of Association, an extraordinary general assembly meeting is valid if attended by shareholders who represent at least half of the capital. In the event that the quorum is not completed in the first meeting, the second meeting will be held one hour after the time of the first meeting, and the second meeting will be considered valid if attended by shareholders who represent at least a quarter of the capital.
General Assembly Meeting Agenda	1)To Vote on the Bank's purchase of 5 Million shares of its shares and allocating them as treasury shares within Employee Shares Program. The purchase of shares is funded from the Bank’s internal resources and authorizing the Board of Directors or whoever it delegates to complete the purchase with the period (12 month) from the date of the Assembly's approval including the allocation price for each share offered to employees. The purchased shares are kept until (10 years) from the date of EGM approval and after this period has passed the Bank will follow the procedures and mandatory in the relevant laws and regulations.
Proxy Form
E-Vote	The shareholders registered in Tadawulaty service will be able to vote remotely through the electronic voting service, by visiting the Tadawulaty website https://www.tadawulaty.com.sa, knowing that registration in Tadawulaty service and voting through is free for all shareholders, and electronic voting will be available for all shareholders from 10:00 am on Friday, 15 Ramadan 1441 AH corresponding to 08 May 2020, until the end of the meeting
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
Method of Communication	For any quires please contact Investor Relations Department at

Phone Number: 00966 11 4798585

Email: shareholders@bankalbilad.com 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.