BBK holds general meetings, board elects new chairman

TDT | Manama  

The Daily Tribune – www.newsofbahrain.com

Bank of Bahrain and Kuwait (BBK) convened its Ordinary General Meeting on Wednesday at Al Dana Hall in Gulf Hotel, during which all recommendations put forth by the Bank’s Board of Directors were duly endorsed.

During the meeting, the Bank’s shareholders unanimously approved all items on the agenda of the Ordinary General Meeting. This included the endorsement of the minutes from the previous Ordinary General Meeting held on March 28, 2023, as well as the approval of the Board of Directors’ report on the Bank’s activities for the fiscal year ending December 31, 2023.

Subsequently, BBK convened an Extraordinary General Meeting where the shareholders ratified the minutes of the previous meeting held on March 28, 2023.

Empowering the Board

The shareholders empowered the Board of Directors, or its designee, to undertake all necessary procedures with the relevant authorities in the Kingdom of Bahrain to secure the official approvals essential for amending the Articles of Association.

After the conclusion of the Ordinary and Extraordinary General Meeting, BBK’s Board of Directors assembled and elected Tariq Jaleel AlSaffar as the Chairman of the Bank’s Board of Directors. Before assuming the role of Chairman, AlSaffar held memberships in BBK’s Risk Committee, the Audit and Compliance Committee, the Nomination, Remuneration, and Governance Committee, as well as the Bank’s Independent Board Committee.

BBK announced that Mohammed Abdulrahman Hussain, a Board Member, has tendered his resignation from his position due to personal reasons. BBK also announced the appointment of replacements for departing members to its Board of Directors, Munther Abdulaziz Al-Kooheji and Dr. Ghania Mohsen Al-Derazi. Tariq AlSaffar, Chairman of BBK, expressed his profound pride in gaining the trust and confidence of the Bank’s Board of Directors and the shareholders’ representatives.