SAIB shareholders delegate board to pay 2022 interim dividends

20/04/2022 Argaam

Saudi Investment Bank's (SAIB) shareholders delegated the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general assembly meeting (OGM) held on April 19, according to a bourse filing.

 

Shareholders also approved the dealings and contracts between the bank and The Company for Cooperative Insurance (Tawuniya), where board member Abdulaziz Abdulrahman AlKhamis has an indirect interest as the Vice Chairman of the company.

 

The contracts relate to providing insurance services to the bank’s employees, which was made through competition and without preferential terms or benefits and for which the total transactions during the year 2021 amounted to SAR 26.1 million including VAT.

 

Shareholders also approved other items on the agenda.

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