Listing date
Currency
Exchange
Industry
Banking
Symbol
Number of shares issued
1,250 million Shares
ISIN Code
Market Cap as of 31 December 2024
0 billion
The bank's board of directors works on an ongoing basis, in accordance with the principles of governance that work to ensure fair dealing for all shareholders and determine the responsibility of the board of directors towards the bank and its shareholders, and the bank follows in this the regulations, standards and guidelines of the Saudi Central Bank, the Capital Market Authority, the recommendations of the Basel Committee and others on corporate governance, as the bank provides comprehensive and adequate information on all its activities and business, which is guaranteed and published in the annual report and summary financial statements, and on the Saudi Exchange website, as well as its participation in investor conferences inside and outside the Kingdom, as well as in the bank’s website (www.bankalbilad.com), which contains in addition to that additional information and news about the bank such as capital increases, as well as dividends of shares that have been distributed to shareholders, inquiries about unreceived profits and other tools, as well as responding to all inquiries raised by shareholders, and encouraging shareholders to participate in annual general assembly meetings.
The bank continues focusing on developing the bank’s website and the communication mechanisms with shareholders and investors.
The bank is committed to protecting the rights of all stakeholders, particularly shareholders. This commitment is reflected in the bank's articles of association, relevant policies, manuals, and procedures. One of the key rights is the ability to attend ordinary and extraordinary general assembly meetings, participate in discussions on the agenda, ask questions to the board, auditors, and executive management, and submit proposals and feedback on the bank's performance. The specific mechanisms for exercising these rights are communicated to the board of directors, and any proposals received from shareholders are presented during the first board meeting and included in the meeting minutes.
There are no interest rights in the category of voting shares for individuals who informed the Bank of these rights (except for the Bank’s Board Members, Senior Executives and their spouses and minor children)
in accordance with the provisions of the Banking Supervision Law, the Companies Law, the bank’s bylaws, and the directives of the Saudi Central Bank, as follows:
1. The Bank determines the necessary amounts to cover zakat imposed on shareholders and ensures timely payment to the competent authorities.
2. A minimum of twenty-five percent (25%) of the residual net profits, after the deduction of Zakat, is allocated to the statutory reserve. This allocation continues until the reserve equals at least the paid-up capital.
3. From the remaining profits, after accounting for the statutory reserve and zakat, a minimum of 5% of the paid-up capital is set aside for distribution to shareholders. This distribution is contingent upon the proposal by the Board of Directors and approval by the General Assembly. If the remaining profit portion allocated for shareholders is insufficient to cover this amount, shareholders are not entitled to demand its payment in subsequent years. Furthermore, the General Assembly is prohibited from approving a distribution exceeding the amount proposed by the Board of Directors.
4. Any remaining amounts after allocations in paragraphs 1, 2, and 3 are utilized as proposed by the Board of Directors and approved by the General Assembly.
The primary shareholders of the Bank are those who possess a
minimum of 5% ownership of the bank’s shares at the end of
December 31, 2024. The ownership distribution is as follows:
| # | Shareholder Name | Percentage (%) |
|---|---|---|
| 1 | Mohammed Ibrahim AlSubeaei & Sons Company | 19.34 |
| 2 | Abdullah Ibrahim AlSubeaei Investment Company | 6.36 |
| 3 | Khalid Abdulrahman Saleh AlRajhi | 8.27 |
| 4 | Abdulrahman Abdulaziz Saleh AlRajhi | 6.66 |
