THE SAUDI INVESTMENT BANK ANNOUNCES THE RESULTS OF THE ORDINARY GENERAL ASSEMBLY MEETING

18/03/2012

The Saudi Investment Bank announces the approval of its general assembly meeting held on Sunday 25/04/1433H corresponding to 18/03/2012 at 8:00 p.m. at the Bank's Head Office building on Maather street on all the agenda items as follows:

  1. Approval of Board of Directors report to the shareholders on SAIB's results as of and for the year ended December 31, 2011.
  2. Approval of SAIB's financial statements as of and for the year ended December 31, 2011.
  3. Releasing the Board of Directors for their actions during the period from 01/01/2011 to 31/12/2011.
  4. Approval of the Board's proposal to select external auditors for the year 2012 (Price Waterhouse Coopers and Deloitte and Touche), and establishing relevant fees.
  5. Approval of the Board's proposal to pay dividends of SAR 0.60 per share (SAR 0.50 per share after Zakat deduction) representing 5% of the share par value.

Eligibility of the dividends will be for the shareholders as of25/04/1433H corresponding to 18/03/2012. Dividend distribution will commence on Sunday 02/05/1433H corresponding to 25/03/2012.