The Saudi Investment Bank announces the Results of its Extraordinary General Assembly

The Saudi Investment Bank announces the approval of its Extraordinary General Assembly which met at the bank's head office on Saturday 21 Rabi II 1432H corresponding to March 26, 2011 on all the following agenda items:

1. Approval of Board of Directors report to the shareholders on SIB's results for the year ending December 31, 2010.
2. Approval on SIB's financial statements for the year ending December 31, 2010.
3. Releasing the Board of Directors for their actions during the period from 01/01/2010 to 31/12/2010.
4. Approval to increase the bank’s capital from SR 4,500 million to SR 5,500 million by issuing one bonus share for each 4.5 existing shares to all shareholders at the end of the extraordinary General Assembly date, the increase will be affected by transferring SR 1,000 million from the retained earnings as of 31/12/2010, any fractions will be added and sold to the shareholders.
5. Amendment of Article (8A) of SIB's Article of Association in respect of capital increase from SR 4,500,000,000 to SR 5,500,000,000.
6. Approval of the board's proposal to select external auditors for the year 2011, and establishing relevant fees.
7. Approval of the terms of reference for the Nominations and Remunerations Committee, members’ selection criteria and their term.