Shabelle Bank Share Company will hold its 4th Ordinary General Meeting on December 28, 2025, at 8:00 AM in Jigjiga at the Management & Public Service College Meeting Hall. The bank's Board of Directors invites shareholders or their proxies to attend. A 2nd Extraordinary General Meeting will follow.
Shabelle Bank Share Company (Shabelle Bank S.C.) will convene its 4th Ordinary General Meeting on December 28, 2025, starting at 8:00 AM in Jigjiga at the Management & Public Service College Meeting Hall. The bank's head office is located in Jigjiga City, Kebele 06, Shabelle Business Center, 5th Floor. As a share company engaged in banking business, it has a subscribed capital of 2,204,070,000 birr and paid-up capital of 2,203,080,000 birr, with registration number NBE/TM/025/2021.
The meeting agendas include accepting new shareholders and approving transfers and purchases of existing shares; hearing and approving the Board of Directors' report for the year 2017 E.C.; hearing and approving the external auditors' report for 2017 E.C.; discussing recommendations on profit allocation and distribution for the budget year 2017 E.C. and passing resolutions; discussing and approving remuneration for Board members for 2024/25 (2017); discussing and approving monthly allowances for Board members in 2025/26 (2018); and establishing a temporary nomination committee to elect an additional female Board member.
Following this, 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 proxies at the head office three working days prior. Attendees must present renewed IDs or passports confirming Ethiopian nationality or birth. Corporate representatives need legal authorization documents, and agents must provide authenticated powers of attorney, both copies and originals. This gathering will shape the bank's governance and shareholder decisions.