Riyadh – Mubasher: The extraordinary general meeting (EGM) of Bank Al Jazira voted for amending the articles of association on 21 September.
The extraordinary meeting approved purchase and pledge of the banks's shares and the dividend distribution policy, a Sunday's bourse filing indicated.
Further, the shareholders ratified the board's and auditor's report as well as the bank's balance sheet for the fiscal year 2015.
Board members for this period were also discharged from all liabilities, the bourse statement revealed.
Over 2015, the bank's earnings grew 125% year-over-year to SAR 1.3 billion from SAR 572 million.
