6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities ExchangeAct Of 1934

For the month of March 2022

Commission File Number: 000-54290

Grupo Aval Acciones y Valores S.A.

(Exact name of registrant as specified in itscharter)

Carrera 13 No. 26A - 47

Bogotá D.C., Colombia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

GRUPO AVAL ACCIONES Y VALORES S.A.

TABLE OF CONTENTS

Item 1

Grupo Aval Acciones y Valores S.A. (the “Company”) informs that the ordinary meeting of shareholders, held on March 30, 2022, adopted the following decisions:

Minus:

NOTE:Pursuant to the provisions of the paragraph of article 455 of the Colombian Code of Commerce, the payment of the dividend in shares requiresthe express acceptance of the shareholder, which shall be given with respect to all the shares owned by the shareholder. Therefore, theshareholder who opts for this alternative, must fill out the form found in the web page www.grupoaval.com (the only mechanism enabledto explicitly express their acceptance to the payment of the dividend in shares), no later than April 29, 2022, until 11:59 p.m. (COL),together with the documents required in the same web page according to the tax status of each shareholder.

Ifthe shareholder remains silent, the dividend will be paid in cash on the date foreseen for the payment of the shares, deducting the withholdingtax applicable. Shareholders who opt for the payment of dividends in shares must consider that the fractions will be paid in cash againstoccasional reserves.

Theportion of preferred or common shares required to pay the dividend of those shareholders who have expressed their intention to receivethe dividend payment in preferred or common shares, will be released by the Board of Directors of the Company, no later than May 31,2022, which will be issued against the authorized capital.

BOARD OF DIRECTORS- GRUPO AVAL ACCIONES Y VALORES S.A.

2022-2023

(*) Independent Members

(*) Ex-Dividend dates may vary subject to any determination of the Colombian Stock Exchange with respect to the business days for trading purposes.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 31, 2022