Dr. Nasser Hussein
The record of the regular meeting of the General Assembly of the Bank of the International Arab Banking Company (Saib) disclosed the Assembly ' s approval of the profit distribution list for the financial year ended 31 December 2025.
In a statement to the market, the Bank ' s General Assembly had agreed to distribute profits to contributors of $9.930 million over the profits of the past year 2025.
General Assembly regular
The Bank, led by the best responders, indicated that the Bank ' s regular General Assembly had endorsed the report of the Board on the Bank ' s activity and financial position for the financial year ended 31 December 2025, the governance report and the report of its auditors.
The General Assembly also endorsed the report of the Bank ' s accounts monitors for the financial year ended 31 December 2025 and the financial lists for the financial year ended 31 December 2025.
Distribution of profits
The regular General Assembly approved the profit distribution list for the previous financial year in accordance with the proposal of the Governing Council, with the authorization of the President of the Governing Council, the Executive President and the assignee or their delegate to take all appropriate legal and administrative action in order to terminate the procedures required to implement the cash profit distribution clause to the bank ' s shareholders as much as 30 cents per share.
The record of the meeting indicated that the General Assembly had ratified the amendments made in the composition of the Governing Council since the date of the last General Assembly.
The General Assembly also approved the renewal and appointment of bank account monitors and the determination of their fees for the financial year ending 31 December 2026.
The General Assembly agreed to authorize the Board of Directors of the Bank to make voluntary contributions to the financial year in excess of £20,000.
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