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Al Ahli Bank of Kuwait (ABK) holds its Ordinary General Assembly meeting to select a fourth independent board member

7 July 2022



Al Ahli Bank of Kuwait (ABK) holds its Ordinary General Assembly meeting
to select a fourth independent board member

Al Ahli Bank of Kuwait (ABK) concluded its Ordinary General Assembly meeting on Thursday, 30 June 2022. The AGM was held in the Bank's head office building at 10:00 am.

Mr. Talal Behbehani - Chairman of the Board of Directors of Al Ahli Bank of Kuwait, presided over the session of the Ordinary General Assembly meeting, where he announced that the quorum of attendance at the general assembly meeting was 85.463%. Mr. Behbehani began his speech by extending his appreciation and gratitude to the shareholders for their presence, their trust and their commitment over the years. During the session of the Ordinary General Assembly meeting, the agenda was unanimously approved by a majority of 85.463%, and it included one item, which was to choose the fourth independent board member to join the Board of Directors of Al Ahli Bank of Kuwait in its current session for a term of three years (2022-2024).

Mr. Behbehani commented: “We are pleased to hold the Ordinary General Assembly meeting after obtaining the approval of the Central Bank of Kuwait for the fourth independent member, Mr. Basem Sulaiman Muhammad Al-Otaibi, on 28 June 2022. The shareholders have chosen the fourth independent board member to join the current board of directors in compliance with the Central Bank of Kuwait rules and regulations, which requires the presence of four independent board members in the formation of the boards of directors of banks as of June 2022.”

In conclusion, Mr. Talal Behbehani said: “I would like to thank the Central Bank of Kuwait and the Capital Markets Authority for their continuous support to the Kuwaiti banking sector. I would also like to express my gratitude to ABK’s shareholders, business partners and valued customers for their commitment and continued loyalty towards Al Ahli Bank of Kuwait. I also extend my appreciation to the Bank’s employees for their sincerity and dedication to their work.”