Shabelle Bank Share Company has announced its 4th Ordinary General Meeting for December 28, 2025, at 8:00 AM in the Management & Public Service College Meeting Hall in Jigjiga. The invitation extends to shareholders or their proxies, with an additional extraordinary meeting to amend the bank's memorandum of association. Key agendas include approving board reports and profit distributions for the Ethiopian Calendar year 2017.
Shabelle Bank Share Company (Shabelle Bank S.C.) has issued a notice for its 4th Ordinary General Meeting, set for December 28, 2025, at 8:00 AM in the Management & Public Service College Meeting Hall in Jigjiga. The bank's board of directors invites all shareholders or their authorized proxies to participate in this key gathering.
As a share company engaged in banking business, Shabelle Bank has a subscribed capital of 2,204,070,000 and paid-up capital of 2,203,080,000. Its registration number is NBE/TM/025/2021, with the head office located in Jigjiga City, Kebele 06, Shabelle Business Center, 5th Floor.
The agendas for the 4th Ordinary General Meeting include:
- Accepting new shareholders and approving the transfer and purchase of existing shares;
- Hearing and approving the Board of Directors' report for the Ethiopian Calendar year 2017 E.C. after deliberations;
- Hearing and approving the external auditors' report for 2017 E.C. after deliberations;
- Hearing recommendations on the allocation and distribution of profits for the budget year (2017 E.C.) and passing resolutions;
- Discussing and approving remuneration for board members for the year 2024/25 (2017);
- Discussing and approving the monthly allowance for board members in 2025/26 (2018).
Additionally, the 2nd Extraordinary General Meeting will discuss and approve amendments to the bank's Memorandum of Association.
Shareholders unable to attend in person must submit their proxy forms at the head office in Jigjiga, Shabelle Business Center, 1st floor, three working days prior to the meeting. Attendees are required to present renewed IDs or passports verifying Ethiopian nationality or Ethiopian birth. Corporate representatives must provide legally acceptable authorization documents, while agents holding power of attorney need to show both copies and originals.