Safa Bank convened its regular General Assembly meeting for 2022 on Wednesday, May 17, 2023, at the headquarters in Ramallah, with an attendance rate of 69%. The meeting was attended by the Chairman of the Board of Directors of Safa Bank, Mr. Yazid Adnan Al-Mufti, through Zoom technology, along with board members, Vice Chairman of the Board, His Excellency Mr. Mohammed Kamal Hassouneh, the General Manager Mr. Nidal Barghouthi, Mr. Maher Al-Zubn representing the Companies Registrar, Mr. Ayoub Al-Masri representing the Palestine Monetary Authority, Dr. Ayman Al-Badareen, the Executive Member of the Shariah Supervisory Board (SSB), and Mr. Sa'id Abdullah, the External Auditor from Ernst & Young.

During the meeting, The General Assembly discussed the Board of Directors' report on the bank's operations for the fiscal year ending December 31, 2022, and approved it. It also listened to the report from the bank's auditors and ratified it, as well as approved the financial statements and listened to the report from the Shariah Supervisory Board about the same financial period and approved it.

Furthermore, the General Assembly approved the appointment of an alternate board member the Messrs of "Massar Investment Company," represented by Mr. Murad Tahboub, to replace a resigned board member “Cairo Amman Bank," and the appointment of Mr. Nader Musleh as an independent member to fill the vacancy left by the resigned board member “Cairo Amman Bank".

Additionally, the General Assembly absolved the Chairman and board members of responsibility for the fiscal year ending December 31, 2022. The assembly elected the auditors Ernst & Young for the bank for the fiscal year 2023, and authorized the Board of Directors to determine their fees.

In his speech during the meeting, Mr. Yazid Al-Mufti, Chairman of the Board of Directors, stated, "The bank places significant emphasis on ethical banking practices and governance directives throughout its activities, including its board and its associated committees. The bank continues to work closely with the executive management to ensure adherence to regulatory controls and compliance with the principles of Islamic law and decisions of the Shariah Supervisory Board (SSB). The bank also remains steadfast in building a strong customer base and introducing Islamic banking products that cater to diverse segments of society."

He added, "One of the notable milestones witnessed by the bank in 2022 was the listing and commencement of trading of Safa Bank's shares on the Palestine Stock Exchange, affirming its commitment to legal provisions. The bank's stock demonstrated its strength and resilience."

Mr. Al-Mufti concluded by mentioning that Safa Bank achieved its best financial results since its inception, and that its financial data as of December 31, 2022, attested to this achievement. Regarding the bank's directions in 2023, he emphasized the continuation of the bank's strategic policies and plans in development, including further enhancement of electronic and digital banking services.

In closing, Mr. Al-Mufti extended his gratitude to all the bank's stakeholders, customers, depositors, and shareholders for their unwavering trust. He praised the efforts of the Palestine Monetary Authority and all regulatory representatives for their support to the bank. He expressed his pride in the members of the Shariah Supervisory Board (SSB) and all human resources at the bank