Bank Albilad shareholders approve board remuneration policy

10/01/2018 Argaam

 

Bank Albilad’s ordinary general assembly on Jan. 9 approved the remuneration policy for board members, committees and senior executives, the lender said in a bourse statement.

 

Shareholders also approved the updated charter for the audit committee and the nominations and remunerations committee, as well as the rules and criteria governing the appointment of board and committee members.

 

In addition, the general assembly approved board member Fahad bin Abdullah Al-Qasem’s engagement in competitive activities.

 

Al-Qasem serves as a board member at Saudi Post Co., which owns a 50 percent stake in Ersal Money Transfer. Ersal is a competitor of Enjaz Banking Services, the remittance arm of Bank Albilad.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.