The Saudi British Bank (SABB) Announces the Opening of the Nomination period for the Board of Directors’ Membership for the Next Term

The Saudi British Bank (SABB) Announces the Opening of the Nomination period for the Board of Directors’ Membership for the Next Term

|Element List||Explanation|

|Introduction|| The Saudi British Bank (SABB) is pleased to announce the opening of the nomination period for membership of the Board of Directors for the upcoming Term starting on 01/01/2023G and ending on 31/12/2025G.

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Nominees must meet the legal requirements for Board membership and submit applications within the period specified in the announcement pursuant to the requirements and conditions as stipulated by the current regulations, in particular:

• The Companies Law issued by the Ministry of Commerce and it’s implementing regulations.

• The Corporate Governance Regulations issued by the Capital Market Authority (CMA).

• The Instructions issued by the Saudi Central Bank (SAMA) related to the Requirements for Appointments to Senior Positions in Financial Institutions subject to the supervision of the Saudi Central Bank (SAMA).

• The Key Principles of Governance in Financial Institutions under the Control and Supervision of the Saudi Central Bank.

• SABB Policies and Criteria for Selection of Board Directors (Attached), and the relevant provisions in SABB’s Articles of Association.

|Type of Assembly||New Session|

|Assembly Start Date||2023-01-01 Corresponding to 1444-06-08|

|Assembly End Date||2025-12-31 Corresponding to 1447-07-11|

|Number of members||11|

|Application Start Date||2022-08-21 Corresponding to 1444-01-23|

|Application End Date||2022-09-20 Corresponding to 1444-02-24|

|Applications Submission Method|| Nomination forms must be submitted through one of the following channels:

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1. The forms and