Bank AlJazira to authorize board to pay FY2021 dividend on Dec. 30

Bank AlJazira shareholders will vote on authorizing the board of directors to pay interim dividend on semi-annual or quarterly basis for FY21 and retaining SAR 68 million from the general reserve, during the extraordinary general meeting (EGM), slated for Dec. 30, 2020, the company said in a bourse filing.

Shareholders will also discuss amending the regulations of the audit committee, as well as the nomination & remuneration committee.

During the meeting, shareholders will discuss the board’s decision to appoint Khalifa Abdullatif Almulhem as an independent director as of June 29, 2020.

Shareholders will additionally vote on amending the bank’s remuneration policy for the board of directors and senior executives.

Shareholders will discuss the amendment of other Articles of Association, related to the company’ objectives, ownership in companies, the head office and other offices, the company’s term and capital, shares trading, capital increase/ decrease, board of directors, board authorities, the executive committee, the audit committee, general meetings, voting rights, dividends distribution, and the company dissolution and liquidation.