Bahrain Islamic Bank B S C : Ordinary General Meeting Invitation - Monday, 27 February 2023

Invitation to the Ordinary General Meeting for the Year 2022

The Chairman of the Board of Directors of Bahrain Islamic Bank B.S.C (Registration no. 9900 - 1, Building 722, Road 1708, Block 317, Manama/Diplomatic Area) cordially invites the shareholders to attend the Ordinary General Meeting that will be convened physically. The meeting will be convened on Tuesday 21st March 2023 at 10:00 a.m. at Al Dana Hall (3) - Gulf Hotel Bahrain Convention and Spa to discuss the following agenda items. In case the quorum is not achieved on Tuesday 21st March 2023 at 10:00 a.m., the second meeting will be held on Tuesday 28th March 2023 at 11:00 a.m., and if the quorum is not achieved on Tuesday 28th March 2023 at 11:00 a.m., the third meeting will be held on 4th April 2023 at 11:00 a.m., at the same time and venue.

Ordinary General Meeting Agenda

1. To approve the minutes of the previous Ordinary General Assembly meeting no (46) held on 28th March 2022.
2. To discuss and approve the Board of Director's report on the Bank's activities and its financial position for the financial year ended 31st December 2022.
3. To listen to the External Auditors report for the financial year ended on 31st December 2022.
4. To listen to the Shari'a Supervisory Board's report for the financial year ended 31st December 2022.
5. To discuss and approve the audited financial statements for the year ended 31st December 2022.
6. Notifcation of transactions carried out during the year ended 31st December 2022 between the Bank and related parties including major shareholders of the Bank as presented in note 28 of the consolidated fnancial statements, pursuant to Article 189 of the Bahrain Commercial Companies Law.
7. To approve the Board of Directors recommendation to allocate the net proft of BD 12,567,396 for the year ended 31st December 2022, as follows:
8. 1. BD 170,286 to Zakah fund and authorize the Board of Directors to distribute it.
   2. BD 250,000 for charitable donation and authorize the Board of Directors to distribute it.
   3. Transfer of BD 1,256,740 to the statutory reserve.
   4. Transfer of BD 10,890,370 to the retained earnings.
9. To approve the payment of a total amount of BD 273,906 as remuneration to the Board of Directors for the financial year ended on 31st December 2022 subject to obtaining the approval of the Minister of Industry and Commerce, in addition to all benefts and privileges including the sitting fees for the fnancial year ending December 2022 as stated in the Board of Directors Report and approving the sitting fees for the year 2023 at a similar rate of the previous year.
10. To discuss the Bank's Corporate Governance report for the year ended 31st December 2022 as required by the Central Bank of Bahrain.
11. To absolve the members of the Board of Directors from liability for their actions during the year ended 31st December 2022.
12. Re-appointmentof KPMG as external auditors for the year 2023 and authorize the Board of Directors to determine their fees, subject to obtaining the approval of the Central Bank of Bahrain.
13. Any matter arising in accordance with Article 207 of the Bahrain Commercial Companies Law.

Dr. Esam Abdulla Fakhro

Chairman of the Board of Directors

Important Notice to the Shareholders

1. Shareholders can obtain a copy of the proxy form through the stock registrar, Bahrain Clear Company B.S.C
2. The Bank's consolidated audited financial statements for the year ended 31st December 2022 and all other reports and documents that shall be presented in the meeting including the previous meeting minutes are made available on BisB's website: www.bisb.com and Bahrain Bourse's website: www.bahrainbourse.com.
3. Any shareholder who is registered in the Bank's books as of the fixed date of the Meetings could attend with himself/herself or by authorizing another person in writing to attend and vote on his/her behalf, provided that the proxy should not be the Chairman, Board Members, or any of BisB's staff.
4. If the shareholder is a company, the proxy who is attending the meetings has to present a written power of attorney duly stamped and signed by the authorized person in the company and to present this power of attorney at least 24 hours prior to the meeting date to Bahrain Clear Company B.S.C.
5. Proxies should be submitted to Bahrain Clear Company B.S.C, either by hand or email to: [e-mail], at least 24 hours before the time of the meetings, noting that any submission of proxies beyond the above mentioned timeframe shall be deemed invalid to attend the meeting.

For further inquiries and assistance, please contact the Board Secretary at Bahrain Islamic Bank on: ([phone]/17515775

Licensed as a Retail Islamic Bank by the Central Bank of Bahrain