Bank AlJazira shareholders to elect board members on Nov. 15

Bank AlJazira’s shareholders are set to vote on electing members of the board of directors for the three-year term starting on Jan.1, 2022, during the ordinary general assembly meeting (OGM) that will be held on Nov. 15.

They will also vote on the formation of the audit committee and defining its responsibilities, working controls and the remuneration of its members.

Meanwhile, shareholders will be voting to authorize the board of directors to distribute interim dividends to the shareholders on semi-annual or quarterly basis for 2022, and delegate the board with the authority of the general assembly for a one-year period effective from the OGM approval date or until the end of authorized board term, whichever is earlier, in accordance with the Companies Law.

The agenda also includes other items such as amending board committees’ charter and membership policy.