The General Assembly of Bank Albilad approves the distribution of 825 million riyals in profits for the second half of 2025

The Board of Directors of Bank Al Bilad announced the results of the Ordinary General Assembly meeting (first meeting) held yesterday, Tuesday.

The bank said in a statement on its website "Saudi Arabia trading"The results of the vote on the Assembly’s agenda included:

1) Reviewing the Board of Directors’ report for the fiscal year ending on 12-31-2025 AD and discussing it.

2) Approving the auditors’ report for the fiscal year ending on 12-31-2025 AD after discussing it.

3) Viewing the financial statements for the fiscal year ending on 12-31-2025 AD. And discuss it.

4) Approval of the appointment of (Ernst & Young Professional Services (EY) in the amount of 3,100,000 riyals, excluding VAT, and KPMG Professional Consulting (KPMG) in the amount of 3,100,000 riyals, excluding VAT) as auditors of the bank’s accounts from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the bank’s financial statements for the second and third quarters and the annual financial statements for the fiscal year 2026 AD and the first quarter of the fiscal year 2027 AD, and to approve their fees.

5) Approval to discharge the members of the Board of Directors from liability for the fiscal year ending on 12-31-2025 AD.

6) Approval to authorize the Board of Directors to distribute interim dividends to the bank’s shareholders on a semi-annual or quarterly basis for the fiscal year. 2026 AD.

7) Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of 825 million riyals to shareholders for the second half of the fiscal year 2025 AD, at 0.55 riyals per share, equivalent to 5.5% of the nominal value of the share, provided that the eligibility is for shareholders who own shares at the end of the trading session of the General Assembly and are registered in the register of shareholders of the bank with the Securities Depository Center Company. Finance (Depository Center) at the end of the second trading day following the date of the General Assembly, provided that the distribution of profits begins on Thursday, corresponding to June 4, 2026. The Ordinary General Assembly, with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the authorized Board of Directors, whichever comes first, in accordance with the controls and conditions prepared based on the executive regulations of the Companies Law for listed joint-stock companies and related to businesses and contracts in which a member of the Board of Directors has a direct or indirect interest.

10) Approval of delegating the Board of Directors with the authority of the Ordinary General Assembly with the authorization contained in Paragraph (2) of Article 27 of the Companies Law, and that For a period of one year from the date of approval by the General Assembly or until the end of the session of the authorized Board of Directors, whichever comes first, in accordance with the controls and conditions prepared based on the executive regulations of the companies’ system for listed joint stock companies related to practicing competitive business.

11) Approval to amend the replacement policy for members of the Board of Directors and its committees.

12) Approval to amend the policy of rules and controls for nomination and appointment to the Board of Directors and its committees.

13) Approval to amend the policy for remuneration for members of the Board of Directors. Management, its committees and senior management.

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