The Board of Directors of Assaray Trade and Investment Bank is pleased to invite the Bank’s shareholders to attend the Ordinary General Assembly Meeting, to be followed by the Extraordinary General Assembly Meeting, at the Corinthia Hotel in Tripoli on Sunday, 5 July 2026, at 2:00 p.m., to consider the following agenda items:
First: Agenda of the Ordinary General Assembly Meeting
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Review and discuss the Board of Directors’ Report for the financial year ended 31 December 2025.
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Review and discuss the Supervisory Committee’s Report for the financial year ended 31 December 2025.
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Review and discuss the Sharia Supervisory Board’s Report for the financial year ended 31 December 2025.
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Review and discuss the External Auditors’ Reports for the financial year ended 31 December 2025.
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Approve the Bank’s Balance Sheet, Income Statement and the proposed dividend distribution for the financial year ended 31 December 2025.
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Appoint the two audit firms that will be responsible for auditing the Bank’s accounts for the financial years 2027 and 2028.
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Consider the proposal regarding the re-designation, composition and number of members of the Board of Directors, in accordance with the request submitted pursuant to Article (154) of Law No. (23) of 2010 concerning Commercial Activities.
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Any other business.
Second: Agenda of the Extraordinary General Assembly Meeting
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Approve the implementation of the first phase of the Bank’s capital increase in accordance with the approval of the Banking Supervision Department of the Central Bank of Libya, and complete the procedures required to amend the Articles of Association and the Bank’s Statutes and register such amendments with the competent authorities.
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Review and discuss the proposed second phase of the capital increase to raise the Bank’s capital to LYD 500 million, and approve the appointment of a specialized firm to determine the fair value of the Bank’s shares.
The Board of Directors notes that the meetings shall be validly convened upon the availability of the quorum required under the Bank’s Articles of Association. Should the required quorum not be achieved, the Ordinary and Extraordinary General Assembly Meetings shall be reconvened on Monday, 6 July 2026, at the same venue and time.
At the second meeting, the Ordinary General Assembly shall be deemed validly convened regardless of the number of shareholders present or the percentage of share capital represented. The Extraordinary General Assembly shall be deemed validly convened at its second meeting if attended by shareholders representing more than fifty percent (50%) of the Bank’s share capital.
Important Information for Shareholders
Pursuant to the Bank’s Articles of Association, each shareholder has the right to attend the General Assembly Meeting in person and/or by proxy on behalf of another shareholder, provided that the proxy is granted under a recent special power of attorney issued by an authorized notary public, or pursuant to a resolution or authorization letter issued by the legal representative of a corporate entity, authorizing one of its representatives or officers to attend and represent it at the meeting.
The power of attorney or authorization letter must be submitted to the Bank’s Management at least two (2) days prior to the date of the General Assembly Meeting for verification and approval.
Shareholders, or their duly authorized representatives, are required to present valid proof of identity (passport or national identification card) upon attendance. Representatives of corporate entities must also provide a valid copy of the entity’s commercial registration certificate.
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