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Share­hold­ers of ma­jor­i­ty state-owned First Cit­i­zens Group Fi­nan­cial Hold­ings Ltd are due to at­tend a spe­cial meet­ing this morn­ing to se­lect a new board for the com­pa­ny.

Ahead of the bank’s spe­cial meet­ing, all mem­bers of its board of di­rec­tors re­signed yes­ter­day.

New board mem­bers are sched­uled to be nom­i­nat­ed at a spe­cial meet­ing of share­hold­ers, which will be held at the Na­tion­al Acad­e­my for the Per­form­ing Arts (NA­PA), start­ing at 10am.