Resolutions passed at Jaiz Bank’s 13th Annual General Meeting

Shareholders of Jaiz Bank Plc (NGX: JAIZBANK) at its 13th Annual General Meeting held virtually on Wednesday, 20th August 2025 proposed and passed the following resolutions:

Also read; Jaiz Bank Plc rebrands for the future

Ordinary Business:

That the Audited Financial Statements for the year ended 31st December 2024 together with the Report of the Directors, Report of the Audit Committee and Auditors’ Reports thereon be and are hereby received.
That a final dividend of 7 kobo per share be and is hereby approved and the Directors be and are hereby authorized to pay the same on Wednesday, 20th August 2025 to shareholders whose names appeared in the Company’s Register of Members by close of business on 14th July 2025 subject to the deduction of the appropriate Withholding Tax at the time of payment, as recommended by the Board.”
That Dr. Abdullateef Bello, Dr. Aisha Waziri Umar and Seedy Njie retired by rotation at the meeting and being eligible and having presented themselves for re-election be and are hereby re-elected as Non-Executive Directors of the Company.
That Tajuddeen Aminu Dantata, Sa’adat Hamza Mohammed, Mustapha Ibrahim Ahmad, Ahmed Mohammed Indimi and Nike Kolawole be and are hereby elected as Non-Executive Directors of the Company.
That the Directors be and are hereby authorized to fix the remuneration of the Auditors.
That pursuant to Section 238 and 257 of the CAMA, the Annual Remuneration of Managers of the Bank be and is hereby disclosed and noted.
That pursuant to Sectoon 404 (3) and (6) of the CAMA, Alh. Shehu Mohammed FCA, Alh. Mohammed Gulani Shuaibu FCA, Alh. Lawal Ibrahim Ozomata FCA, be and are hereby elected as shareholders’ representatives on the Bank’s Audit Committee while Alh. Ibrahim Indimi and Dr. Aisha Waziri Umar were nominated to represent the Board on the Bank’s Audit Committee.

Special Business

That the Directors’ Fees for the financial year ending 31st December 2025 be and is hereby fixed at ₦48 million per annum for the Chairman and ₦40 million per annum for every other Non-Executive Director.

About the Company

Jaiz Bank Plc is the first fully fledged non-interest financial institution in Nigeria. The Bank was granted a banking license to carry on the business of non-interest banking and commenced operation on January 6th,2012 with three branches in two states and the Federal Capital Territory.

It was established as a private limited liability Company but was converted to a Public limited liability company in April 2016 and now trades its Stock on the Nigeria Stock Exchange.

At the end of trading on Thursday, Jaiz Bank Plc had a market capitalization of ₦195.74 billion, with 44,589,410,332 outstanding ordinary shares.

As of 31st December 2025, seven individuals and institutions held more than 5.0% of the issued share capital of the Bank.