{"id":7791,"date":"2021-02-23T14:41:56","date_gmt":"2021-02-23T11:41:56","guid":{"rendered":"https:\/\/www.alsalambank.com\/?page_id=7791"},"modified":"2026-01-06T15:31:17","modified_gmt":"2026-01-06T12:31:17","slug":"23-february-2021","status":"publish","type":"page","link":"https:\/\/www.alsalambank.com\/en\/shares-dividend\/23-february-2021\/","title":{"rendered":"23 February 2021"},"content":{"rendered":"\n  <div class=\"banner has-hover\" id=\"banner-708949752\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n            <img loading=\"lazy\" decoding=\"async\" width=\"2031\" height=\"513\" src=\"https:\/\/www.alsalambank.com\/wp-content\/uploads\/2025\/12\/account-bnr.jpg\" class=\"bg attachment-original size-original\" alt=\"\" \/>                                    \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-1128020934\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1128020934 {\n  width: 60%;\n}\n#text-box-1128020934 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-1128020934 {\n    width: 60%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-708949752 {\n  padding-top: 200px;\n  background-color: rgb(255,255,255);\n}\n#banner-708949752 .banner-bg img {\n  object-position: 65% 0%;\n}\n@media (min-width:550px) {\n  #banner-708949752 {\n    padding-top: 437px;\n  }\n}\n<\/style>\n  <\/div>\n\n\n\n\t<section class=\"section\" id=\"section_1705638192\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\t<div class=\"is-border\"\n\t\tstyle=\"border-width:0px 0px 1px 0px;\">\n\t<\/div>\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1358721913\">\n\n  <div id=\"col-886616336\" class=\"col mb-0 pb-0 small-12 large-12\"  >\n        <div class=\"col-inner\"    >\n      \n      \n<div class=\"ux-breadcrumb-advanced-wrapper visible text-left\" style=\"font-size: 100%; padding: 0px 0px 0px 0px; --breadcrumb-separator: \"\/\";\">\n    <nav aria-label=\"breadcrumb\">\n        <ol class=\"breadcrumb breadcrumb-nav style-simple\">\n                                            <li class=\"breadcrumb-item\"                     style=\"margin-right: 10px; text-transform: uppercase;\">\n                                            <a href=\"https:\/\/www.alsalambank.com\/en\/\"><i class=\"icon-home\"><\/i> <span>Home<\/span><\/a>\n                                    <\/li>\n                    <\/ol>\n    <\/nav>\n<\/div>\n\n    <\/div>\n          <\/div>\n\n  \n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1705638192 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n  min-height: 60px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_2060271260\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\t<div id=\"gap-1790583042\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1790583042 {\n  padding-top: 20px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-2071555338\">\n\n  <div id=\"col-1370720740\" class=\"col small-12 large-12\"  >\n        <div class=\"col-inner\"    >\n      \n      \n\t<div id=\"text-2555786255\" class=\"text page-title\">\n\t\t\n<h1>Shares &#038; Dividend<\/h1>\n\t\t\n<style>\n#text-2555786255 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n    <\/div>\n          <\/div>\n\n  \n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_2060271260 {\n  padding-top: 40px;\n  padding-bottom: 40px;\n  min-height: 200px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_707038652\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1654818314\">\n\n  <div id=\"col-1882485958\" class=\"col medium-11 small-12 large-11\"  >\n        <div class=\"col-inner\"    >\n      \n      \n\t<div id=\"text-1783597403\" class=\"text content-listing\">\n\t\t\n<h2>AGM &amp; EGM Shareholders Invitation (1\/2021)<\/h2>\n<p><strong>Invitation to the Annual General and Extraordinary General Meetings (17 March 2021 or any other scheduled date)<\/strong><\/p>\n<p>To download the Proxy form for the Annual General Meeting, please\u00a0click here.<br \/>To download the Proxy form for the Extraordinary General Meeting, please\u00a0click here.<\/p>\n<p>The Chairman of the Board of Directors of Al Salam Bank\u00a0(the \u201cBank\u201d) cordially invites the shareholders to attend the Bank\u2019s Annual General and Extraordinary General Meetings, to be held on Wednesday, 17 March 2021, at 10:00 a.m. and 11:00 a.m. respectively, at Al Manama Ballroom, the Four Seasons hotel, Kingdom of Bahrain and via video teleconferencing. As per the requirements of the Commercial Companies Law, in the absence of a quorum on the first scheduled date for either of the meetings, a second meeting will be scheduled on Thursday, 25 March 2021 at the same venue and time; and in the absence of quorum on such second date for either of the meetings a third meeting will be scheduled on Sunday, 4 April 2021 at the same venue and time.<\/p>\n<p><strong>Agenda of the Annual General Meeting:<\/strong><\/p>\n<ol>\n<li>To approve the minutes of the previous Annual General Meeting held on 19 March 2020.<\/li>\n<li>To discuss and approve the Board of Directors\u2019 report on the Bank\u2019s activities for the financial year ended 31 December 2020.<\/li>\n<li>To receive the Shari\u2019a Supervisory Board\u2019s report for the financial year ended 31 December 2020.<\/li>\n<li>To receive the external auditor\u2019s report on the consolidated financial statements of the Bank for the financial year ended 31 December 2020.<\/li>\n<li>To discuss and approve the consolidated financial statements of the Bank for the financial year ended 31 December 2020.<\/li>\n<li>To ratify and approve the operations and transactions carried out by the Bank during the financial year ended 31 December 2020 with any related parties or major shareholders of the Bank as presented in the notes (no. 29) to the consolidated financial statements.<\/li>\n<li>To approve the recommendation of the Board of Directors for appropriation of the net profit for the year ended 31 December 2020, amounting to BD 9.1 million, by transferring 914 thousand to statutory reserves.<\/li>\n<li>To approve transfer of BD 17 million (BD12 million from the share premium account and BD 5 million from the statutory reserves account) to retained earnings account.<\/li>\n<li>To approve the distribution of 5% stock dividends of the paid-up share capital, equating to one share for every 20 shares held (amounting to BD 11.5 million) for the financial year ended 31 December 2020.<\/li>\n<li>To approve remuneration to the members of the Board of Directors amounting BD 615 thousand for the year ended 31st December 2020 subject to the relevant supervisory authority approval<\/li>\n<li>To approve the Bank\u2019s Corporate Governance report for the financial year ended 31 December 2020, as required by the Central Bank of Bahrain.<\/li>\n<li>To absolve the members of the Board from any liability for their actions as directors during the financial year ended 31 December 2020.<\/li>\n<li>To appoint or reappoint the Shari\u2019a Supervisory Board for the financial year ending 31 December 2021 and authorize the Board of Directors to determine their remuneration.<\/li>\n<li>To appoint or reappoint external auditors for the year ending 31 December 2021 and authorize the Board of Directors to determine their remuneration, subject to the approval of the Central Bank of Bahrain on this appointment.<\/li>\n<li>To appoint and elect Board of Directors for the Bank, comprising of 9 members for the next term of three years, subject to the approval of the Central Bank of Bahrain.**<\/li>\n<li>To discuss and approve any other matters that may arise as per Article 207 of the Commercial Companies\u2019 Law.<\/li>\n<\/ol>\n<p><strong>Agenda of the Extraordinary General Meeting:<\/strong><\/p>\n<ol>\n<li>To ratify the previous minutes of the Extraordinary General Meeting held on 19 March 2020.<\/li>\n<li>To approve the amendment to Article 5 (Company\u2019s Capital) of the Memorandum and Articles of Association of the Bank to reflect the increase in the Bank\u2019s paid up share capital from BD 230,449,785 to BD 241,972,275 and issued shares from 2,304,497,853 shares to 2,419,722,746 , resulted from the addition of bonus shares of 115,224,893 shares as per the resolutions of the Annual General Meeting of the Bank on 17 March 2021. This amendment will be subject to the approval of the Central Bank of Bahrain<\/li>\n<li>To approve amending the Memorandum of Association and Articles of Association of the Bank to be in compliance with subsequent amendments to the Bahrain Commercial Companies\u2019 Law and accordingly adopting an Amended and Restated Memorandum of Association and Articles of Association for the Bank. This amendment will be subject to the approval of the Central Bank of Bahrain<\/li>\n<li>To authorize the Chairman of the Board of Directors and\/ or the Bank\u2019s Chief Executive Officer, Mr Rafik Nayed and\/ or Keypoint to individually carry out the necessary formalities, sign the Amended and Restated Memorandum of Association and Articles of Association of the Bank before the Notary Public and submit the relevant documents to the concerned authorities, in relation to items above.<\/li>\n<\/ol>\n<p><strong>Shaikh Khaled Bin Mistahel Al-Mashani<\/strong><\/p>\n<p>Chairman of the Board<\/p>\n<p>23 February 2021<\/p>\n<hr \/>\n<p><strong>Important notes to the shareholders:<\/strong><\/p>\n<ol>\n<li>Any registered shareholder wishing to attend the meetings via video teleconferencing is requested to send an email request (for an institutional shareholder, its authorized personnel) to\u00a0<a href=\"mailto:investors@alsalambahrain.com\">investors@alsalambahrain.com<\/a>\u00a0no later than 24 hours before the scheduled meeting date containing a clear copy of the relevant shareholder and proxy holder\u2019s identification documents or passport. Once the information provided is verified, details on how to access the meeting will be sent to the attendee.<br \/>** Kindly note that shareholders or their appointed proxies who wish to attend in this manner may not be able to vote on item 15 of the Annual General Meeting.<\/li>\n<li>Shareholders whose names are registered in the share register of the Bank on the date of the meetings are entitled to attend in person, or appoint in writing a proxy to attend the meeting and vote on behalf of such shareholder, provided such proxy is not a director or employee of the Bank (unless the proxy is a first degree relative of the shareholder).<\/li>\n<li>You can download a copy of the proxy form from the Bank\u2019s website\u00a0<a href=\"http:\/\/www.alsalambahrain.com\/\">www.alsalambahrain.com<\/a>\u00a0and Bahrain Bourse website\u00a0<a href=\"http:\/\/www.bahrainbourse.com\/\">www.bahrainbourse.com<\/a><\/li>\n<li>The proxy form should be submitted before the \u201cSubmission Deadline\u201d to Al Salam Bank\u00a0B.S.C., on its address 15th Floor, Building 935, Road 1015, Block 410, P.O. Box 18282, Manama, Kingdom of Bahrain, no later than 24 hours before the scheduled meeting date. Proxy forms may be delivered by hand, post, or facsimile transmission (fax no.: +973 17131073) or by E-mail:<a href=\"mailto:investors@alsalambahrain.com.\">\u00a0investors@alsalambahrain.com.<\/a><\/li>\n<li>In the case of an institutional shareholder, the representative attending the meeting must submit the proxy signed by an authorized signatory of the relevant institutional shareholder. The proxy must be sealed by the institutional shareholder\u2019s stamp.<\/li>\n<li>All shareholders appointing a proxy to attend any meeting (whether in person or via video conferencing) must submit the proxy holder\u2019s identification document or passport.<\/li>\n<li>You can download the consolidated financial statements for the year ended 31 December 2020 and the proposed draft of the Amended and Restated Memorandum of Association and Articles of Association of the Bank from the Meetings Booklet on the Bank\u2019s website www.alsalambahrain.com and Bahrain Bourse website<a href=\"http:\/\/www.bahrainbourse.com\/\">\u00a0www.bahrainbourse.com<\/a><\/li>\n<li>Dividends shall be distributed to the entitled Shareholders by 5 April 2021. The last day of trading with entitlement to dividends is 18 March 2021 and the first day of trading without entitlement to dividends is 21 March 2021.<\/li>\n<li>For any inquiry please contact the Shareholders Affairs Department on: +973 17133399 or +973 17133560<\/li>\n<\/ol>\n\t\t\t<\/div>\n\t\n    <\/div>\n          <\/div>\n\n  \n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_707038652 {\n  padding-top: 60px;\n  padding-bottom: 60px;\n  background-color: #ededed;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_603522847\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n\t<div id=\"gap-1924020476\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1924020476 {\n  padding-top: 20px;\n}\n@media (min-width:550px) {\n  #gap-1924020476 {\n    padding-top: 30px;\n  }\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row\"  id=\"row-417218818\">\n\n\n  <div id=\"col-1420670534\" class=\"col small-12 large-12\"  >\n        <div class=\"col-inner\"    >\n      \n      \n\n\n  <div class=\"banner has-hover\" id=\"banner-2110947294\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n                                                \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n\n\t<div class=\"img has-hover x100 md-x100 lg-x100 y50 md-y50 lg-y50\" id=\"image_1676836778\">\n\t\t<a class=\"\" href=\"\/branch-locator\/\" >\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"635\" height=\"389\" src=\"https:\/\/www.alsalambank.com\/wp-content\/uploads\/2025\/12\/location-bg.jpg\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.alsalambank.com\/wp-content\/uploads\/2025\/12\/location-bg.jpg 635w, https:\/\/www.alsalambank.com\/wp-content\/uploads\/2025\/12\/location-bg-300x184.jpg 300w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\t\t\n<style>\n#image_1676836778 {\n  width: 92%;\n}\n@media (min-width:550px) {\n  #image_1676836778 {\n    width: 32%;\n  }\n}\n<\/style>\n\t<\/div>\n\t\n\n   <div id=\"text-box-1496071597\" class=\"text-box banner-layer show-for-small x50 md-x5 lg-x5 y85 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text \">\n              \n              <div class=\"text-inner text-center\">\n                  \n\n\t<div id=\"text-2602795339\" class=\"text\">\n\t\t\n\n<h3>You will find Al Salam branches and ATMs across <span data-text-color=\"secondary\">Bahrain<\/span><\/h3>\n\t\t\n<style>\n#text-2602795339 {\n  text-align: center;\n  color: rgb(119, 119, 119);\n}\n#text-2602795339 > * {\n  color: rgb(119, 119, 119);\n}\n@media (min-width:550px) {\n  #text-2602795339 {\n    text-align: left;\n  }\n}\n<\/style>\n\t<\/div>\n\t\n<a class=\"button secondary is-larger alsalam-btn h5\" >\n\t\t<span>Find a Location near you<\/span>\n\t<\/a>\n\n\n\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1496071597 {\n  width: 92%;\n}\n#text-box-1496071597 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-1496071597 {\n    width: 60%;\n  }\n}\n<\/style>\n    <\/div>\n \n   <div id=\"text-box-888942106\" class=\"text-box banner-layer hide-for-small x5 md-x5 lg-x5 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text \">\n              \n              <div class=\"text-inner text-left\">\n                  \n\n\t<div id=\"text-1820383139\" class=\"text\">\n\t\t\n\n<h1>You will find Al Salam branches and ATMs across <span data-text-color=\"secondary\">Bahrain<\/span><\/h1>\n\t\t\n<style>\n#text-1820383139 {\n  text-align: center;\n  color: rgb(119, 119, 119);\n}\n#text-1820383139 > * {\n  color: rgb(119, 119, 119);\n}\n@media (min-width:550px) {\n  #text-1820383139 {\n    text-align: left;\n  }\n}\n<\/style>\n\t<\/div>\n\t\n<a href=\"\/branch-locator\/\" class=\"button secondary is-large alsalam-btn h5\" style=\"padding:1rem 3rem 1rem 3rem;\">\n\t\t<span>Find a Location near you<\/span>\n\t<\/a>\n\n\n\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-888942106 {\n  width: 92%;\n}\n#text-box-888942106 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-888942106 {\n    width: 60%;\n  }\n}\n<\/style>\n    <\/div>\n \n\n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-2110947294 {\n  padding-top: 200px;\n  background-color: rgb(237, 237, 237);\n}\n@media (min-width:550px) {\n  #banner-2110947294 {\n    padding-top: 300px;\n  }\n}\n<\/style>\n  <\/div>\n\n\n\n    <\/div>\n          <\/div>\n\n  \n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_603522847 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":6804,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"footnotes":""},"class_list":["post-7791","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/pages\/7791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/comments?post=7791"}],"version-history":[{"count":2,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/pages\/7791\/revisions"}],"predecessor-version":[{"id":7796,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/pages\/7791\/revisions\/7796"}],"up":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/pages\/6804"}],"wp:attachment":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media?parent=7791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}