Voting on the activities and contracts concluded between the Bank and the Cooperative Insurance Company "TAWUNIYA", in which the member of the Board of Directors, Mr. Abdulrahman bin Muhammad Alodan, has an indirect interest, as he is a member of the board of directors of the company, a contract for the provision of insurance services to individual car financing for the year 2022, and this contract without any preferential treatment or conditions with a total amount of Saudi riyals. Voting on the matters and contracts entered into between the Bank and the Saudi Telecom Company (STC), the Vice Chairman of the Board of Directors, Mr.
Yazeed Alhumied has an indirect interest, as he is vice chairman of the board of directors of the Saudi Telecom Company, and the members of the board of directors representing the public investment fund have the following names: 1- Ammar Abdulwahid Alkhudairy 2- Yazeed Abdulrahman Alhumied. Yazeed Alhumied has an indirect interest, as he is vice chairman of the board of directors of the Saudi Telecom Company, and the members of the board of directors representing the public investment fund have the following names: 1- Ammar Abdulwahid Alkhudairy 2- Yazeed Abdulrahman Alhumied.3-Dr. Yazeed Alhumied has an indirect interest, as he is vice chairman of the board of directors of the Saudi Telecom Company, and the members of the board of directors representing the public investment fund have the following names: 1- Ammar Abdulwahid Alkhudairy 2- Yazeed Abdulrahman Alhumied.
Voting on deals and contracts concluded between the bank and the company Saudi Accenture, in which the member of the board of directors, Mr. Ziad Mohammed Al-Tunisi, as he serves as a member of the board of directors. in Saudi Accenture, which is an additional business contract for merger integration and archiving for 3 months, this contract was entered into without any preferential terms or benefits, at the price of SAR attached). Ziad Mohammed Al-Tunisi, has an indirect interest as he holds the position of a board member in Saudi Accenture, which is a contract for SNB Digital PMO Assignment for one year, this contract was concluded without preferential terms or benefits at the price of the attached SARs).
Ziad Mohammed Al-Tunisi has an indirect interest, as he holds the position of Member of the Board of Directors at Saudi Accenture, a contract for a contract for a technical engineering program for the development of digital projects. Ziad Mohammed Al-Tunisi has an indirect interest as he holds the position of Member of the Board of Directors at Saudi Accenture, which is a contract for the SNB-DV Digital Enablers Project for 1 year. This contract was entered into without any preferential terms or benefits, at a cost to SAR Attached). Voting on the matters and contracts concluded between the Bank and Etihad Etisalat Company (Mobily), with which a member of the Board of Directors, Mr.
Zaid Abdulrahman Al-Qwaiz has an indirect interest in which the member's brother holds the position of chairman of the board of directors. Directors of Etihad Etisalat Company (Mobily), and with which a member of the Board of Directors, Mr. Votes on the affairs and contracts concluded between the Bank and the information security company ELM, in which the following members of the Board of Directors represent the public Investment Fund: 1-Ammar Abdulwahid Alkhudairy 2- Yazeed Abdulrahman Alhumied.
Vote on the business and contracts concluded between the Bank and ELM information security company in which the member of the Board of Directors, mr. Abdulrahman bin Muhammad Alodan, has an indirect interest, as he is a member of the board of directors in the company. and in which. Vote on the business and contracts concluded between the Bank and the Sela company in which the following members of the Board representing the Public Investment Fund: 1- Ammar Abdulwahid Alkhudairy 2- Yazeed Abdulrahman Alhumied.
Yazeed Alhumied, has an indirect interest, as he serves as a vice-chairman of the board In the Saudi Tadawul Group Holding Company, in which the member of the board, mr.
A non-partner member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English. Agreed - By Procedures on Declaration of compliance with Article 17 of Part 6 Chapter 1 as per the Implementation Regulation of the. To the Board of Directors of The Saudi National Bank (the "Bank") (continued) Professional ethics and quality control.
4 Verified arithmetic accuracy of the balance of retained earnings as of 12/31/2022, stated in the attached form, after deducting the balance of own shares, which are expected to be acquired based on management's expectations; and. 5 Verified average market price per bank share for the immediately preceding twelve (12) months, i.e. from April 1, 2022 to March 31, 2023 from Tadawul, and agreed to the average market price used by management to estimate the purchase cost of the repurchase share.
We have determined that the arithmetical accuracy of the net assets shown in the attached list (representing the balance after deducting total liabilities and total contingent liabilities from total assets) as of December 31, 2022 is adequate. To the Board of Directors of the National Bank of Saudi Arabia ("the Bank") (continued) Proceedings and Findings. We found that the arithmetical accuracy of the balance of retained earnings as of December 31, 2022, stated in the attached schedule, after deducting the purchase price of own shares, is adequate.
We found that the average market price per share of the bank immediately preceding twelve (12) months, i.e. from April 1, 2022 to March 31, 2023 from Tadawul, in accordance with the average market price used by management to estimate the purchase cost of the repurchase share. We have been engaged by the Saudi National Bank ("the Bank") to carry out a 'limited assurance transaction' as defined in the International Standards on Assurance Transactions approved in the Kingdom of Saudi Arabia, hereinafter referred to as the transaction, on the Bank's compliance with the requirements of Article (71 ) of the Companies Act ("Subject"), contained in the attached notification of the bank (Annex A), which the bank's board of directors submits to the regular general meeting on transactions and contracts in which some members of the bank's board of directors have a direct or indirect personal interest from 27 March 2023.
Declarations made by some of the bank's board members regarding the transactions and contracts in which some members of the bank's board have a direct or indirect personal interest, dated March 27, 2023. These responsibilities include establishing and maintaining internal controls, maintaining adequate records and make judgments relevant to the preparation of the subject so that it is free from material misstatement, whether due to fraud or error. Our responsibility is to express a conclusion about the presentation of the topic based on the evidence we have obtained.
The nature, timing and extent of the procedures selected depend on our judgment, including an assessment of the risk of material misstatement, whether due to fraud or error. We have maintained our independence and have confirmed that we have complied with the requirements of the International Code of Ethics for Professional Accountants (including International Independence Standards) endorsed in the Kingdom of Saudi Arabia, and have the requisite competencies and experience to issue this assurance engagement. feed. .
