The Alinma Bank Board of Directors has announced that the bank’s 6th Ordinary General Assembly will be held on Monday, March 9, 2015 at 4:30 p.m. at the Al-AnoudNovotel Hotel (Latifah Hall) located on King Fahad Road in Riyadh. All shareholders are invited to attend.
The meeting’s agenda includes a range of important items requiring approval from shareholders. These include approving the board of directors’ report and financial statements for the 2014 fiscal year, which ended on December 31, 2014, as well as discharging the members of the board of directors for the same fiscal year. The assembly will also be offered for approval, the auditors’ report for 2014 and remuneration and compensation paid to members to the board of directors and management.
Of particular importance will be the directors’ recommendation to distribute dividends for the fiscal year 2014 in the amount of SAR 745 million riyals, or 50 halalas per share (5% of the nominal value per share after deduction of Zakat).
Important appointments will also be offered for the assembly’s approval including appointees to the Shariah board’s third three-year term, which will commence in April 2015, as well as the appointment of auditors by the audit committee, and the determination of their fees.
All shareholders who will attend the assembly are asked to bring their identity cards and proof of ownership of shares in accordance with the instructions of the Ministry of Commerce and Industry in this regard.Please note that 50% of the total issued shares must be represented for a quorum to be declared