SadaNews - Sada Bank Holds Ordinary General Assembly Meeting for 2025

SadaNews - Sada Bank held its ordinary general assembly meeting for the year 2025 on Sunday, May 17, 2026, at the bank's headquarters in Ramallah, with a participation rate of 65.733%. The meeting was attended by the Chairman of the Board of Directors of Sada Bank, Yazed Adnan Al-Mufti, the Vice Chairman of the Board, Khaled Al-Asili, and the representative of the Sharia Supervisory Board, Dr. Ayman Al-Badareen, via Zoom, along with several board members, the General Manager, Bayan Qassem, the executive management, a representative from the Companies Registrar, Ms. Liana Al-Atrash, a representative from the Palestinian Monetary Authority, Ahmad Marar, a representative from the Palestinian Capital Market Authority, Murad Al-Jadba, a representative from the Palestinian Stock Exchange, Ahmad Safi, a representative from the external auditor, Saed Abdullah, and the external legal advisor, Mr. Mohannad Asaf, in addition to shareholders present at the meeting.

The meeting commenced with a speech from the Chairman of the Board, welcoming the shareholders and attendees. He reviewed the key results and performance of the bank during the fiscal year ending on December 31, 2025, noting the bank's continued implementation of its operational and strategic plans to enhance the efficiency of its operations and the quality of its services.

Al-Mufti confirmed that Sada Bank continued to develop its banking services throughout the year, focusing on enhancing digital solutions and expanding the scope of electronic services in line with the needs of clients, consistent with Islamic law.

Regarding financial performance, he explained that the bank maintained stability in its financial position while continuing to improve resource management efficiency and enhancing asset quality, in addition to complying with regulatory standards and the requirements of the Palestinian Monetary Authority, reflecting the overall strength of the bank’s performance.

In terms of governance, the Chairman of the Board pointed out the bank's commitment to applying best practices in corporate governance through regular performance evaluations of the Board and its committees, enhancing principles of transparency, accountability, and effective oversight, alongside full compliance with the decisions of the Sharia Supervisory Board.

The agenda for the ordinary general assembly included the discussion and approval of several items, where the Board of Directors' report for the fiscal year 2025 was ratified, alongside reports from the Sharia Supervisory Board and the auditor. The financial statements for the year ending December 31, 2025, were also approved, along with the discharge of the Chairman and Board members for the fiscal year ending on 31/12/2025, in addition to electing an auditor for the fiscal year 2026 and authorizing the Board of Directors to determine their fees.

At the conclusion of the meeting, the Chairman of the Board confirmed that Sada Bank would continue to work on strengthening its position in the Islamic banking sector by developing its services and products, and improving the experience of its clients, contributing to sustainable growth.