Notice of Meeting To All Shareholders of Shabelle Bank S.C

To All Shareholders of Shabelle Bank S.C

Shabelle bank Share Company will conduct its 2^nd ordinary general meeting in December 24, 2023 at 9:00 AM at the Qaryan dhodan meeting Hall in Jigjiga and its board of directors cordially invites its shareholders or their proxies to attend this meeting on the specified date, time and place.

Agendas for the Ordinary General Meeting

1. Nominating and Approving the Tellers of the Meeting;
2. Ascertaining the Quorum of the Meeting;
3. Approving the Agendas of the Meeting;
4. Accepting new Shareholders and Approving the Transfer and Purchase of Existing Shares;
5. Hearing the Report of the Board of Directors for the year 2015 E.C and Approving it after Deliberations;
6. Haring the Report of the External Auditors for the year 2015 E.C and Approving it after Deliberations;
7. Hearing the Recommendations relating to the Allocation and Distribution of profits of the Budget year (2015 E.C) and passing resolutions after Deliberations;
8. Appointing the members of the Board of Directors to serve in place of the members of the Board who have resigned
9. Appointing external auditors who will serve from 2023/24 (2016) to 2025/2026 (2018) fiscal years and determining their service fees.
10. Discuss and Approve the remuneration for the members of the Board of Directors for the year 2023/24 (2016).
11. Discuss and Approve the monthly allowance for the members of the Board of Directors in the Year 2023/24 (2016)
12. Election of the Board of Directors’ Nomination and Election Committee.
13. Discuss and approve the remuneration for the Board of Directors’ Nomination and Election committee.
14. Approve the procedure for Nomination and Election of Board of Directors.
15. Hearing and Approving the Minutes of the Meeting;

N.B.

• Shareholders who will not be able to attend the meeting personally shall fill and deposit their proxy at the Head Office of the Bank located in Jigjiga, Shabelle business center building, 1^st floor, 3(three) working days before the meeting.
• Shareholders or their proxies shall come to the meeting with their renewed IDs or passport that shows their identity and the fact that they are of Ethiopian nationality or Ethiopian by birth. Shareholders represented by corporate shareholders shall also come up with legally acceptable documents that show their authorization to participate and vote in the meetings.
• Agents who hold duly authenticated Power of Attorney from a shareholder can participate in the meeting by presenting a copy and the original of the Power of Attorney.

Board of Directors

Shabelle Bank S.C.