Shareholder Affairs Administration
Alinma Bank’s Shareholder Affairs Administration is the link between the bank and its partners, the shareholders. It is authorized to manage and coordinate the communication between the Capital Market Authority, the “Tadawul” Saudi stock exchange and Alinma Bank. In administrating shareholder affairs, it is concerned with the development and improvement of the relationship between partners and the bank. This is accomplished by providing enhanced services that are developed through careful strategic planning that is reviewed and developed annually to match partners’ needs and interests. The Shareholder Affairs Administration manages the records of shareholders and the information related to their shares and follows up the process of dividend distribution.
The Shareholder Affairs Administration also provides the bank with periodic reports and acts as a repository for shareholder data received from the Tadawul system. It additionally acts in a follow-up capacity, assuring that the board of directors and executive management fulfill their obligations related to their ownership of bank shares. This includes the monitoring of periods during which certain shareholders are excluded from trading their shares. The Shareholder Affairs Administration also oversees the publishing of all bank announcements on the Tadawul system and preparations for general shareholder assemblies and responds to shareholder queries.