BSF shareholders to elect new board on Dec. 8

14/11/2021 Argaam

Banque Saudi Fransi's (BSF) shareholders will vote on electing a new board for the upcoming three-year term, starting on Jan. 1, 2022, during an ordinary general assembly meeting slated to be held on Dec. 8, according to a bourse filing.

 

The bank noted that, if the voting results do not enable it to appoint the minimum number of independent members in the board according to the regulatory requirements, non-independent members will be replaced by independent members according to the number of votes they will obtain.

 

Shareholders will also vote on forming the audit committee, as well as setting its members' tasks and remuneration for the upcoming three-year term, starting on Jan. 1, 2022.

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