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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF BOARD NOMINATION PERIOD

BUPA ARABIA 8210 -2.35% 208.00 -5.00
Bupa Arabia is pleased to announce its nomination period for electing a new board of directors, for three years, which started from 24/04/1435H, corresponding to 24/02/2014G and ends on 23/04/1438H, corresponding to 21/01/2017G.
For the shareholders, who hold shares with a face value of no less than ten thousand Saudi Riyals (which is equivalent to one thousand shares) wanting to nominate themselves to become members of the board of directors, should submit a nomination request to the company, care of the Nomination & Remuneration Committee and send it to the following address: P.O. Box 23807 Jeddah, 21436 Telephone: 920000456 Ext: 5603 / 5602 Fax: 0126396179 Email: [email protected].
Requests should be sent starting Thursday 24/04/1435H, corresponding to 24/04/2014G and before the end of Thursday 9th of Rajab 1435H, corresponding to 8th of May 2014G, and the nomination notification according to that which is mentioned in the Ministry of Commerce's company laws and laws of nomination of board of directors of Public Companies mentioned in The Ministry of Commerce's circular no 3245/9362/222 dated 18/6/1412H and also according to what the Ministry of Commerce's company rules, the company's bylaws, Law on Supervision of Cooperative Insurance and its regulation, corporate governance regulations, listing rules, that are issued by the Capital Market Authority and which includes the following:
1) Submitting the request to the company's management, including the nominee's resume, qualifications and experience in the insurance sector.
2) It is required for any nominee that held the position of board member in any public company to provide the following information:
a)The number of Board of Directors meetings that took place during all of the years of the term and the number of meetings that the member attended and the percentage of attendance.
b)The continuous committees that the member participated in and the number of meetings held for each of these committees during each year of the term. 3)A list of all public companies that he still is a board member of.
4)A list of companies or establishments that he manages or owns, and is engaged in business related to the company's business.
5) Completing the Fit and Proper form issued by the Saudi Arabian Monetary Agency, which can be found on SAMA's website: www.sama.gov.sa/pages/Home.aspx
6)Completing form (3) issued by Capital Market Authority, which can be found on CMA's website: http://www.cma.org.sa/Ar/FormsSite/Documents/f3.doc 7) The nominee shall not be a member of the board of directors of any other insurance and/or reinsurance Company.
8) The nominee shall not hold membership in more than five boards of public companies at one time.
9)It is not allowed, except after written approval from SAMA, for a person who had held similar position in a liquidated Company to nominate himself. 10) To be attached with the application, a clear copy of the national ID for individuals, commercial registration for companies and establishments and the phone numbers of the nominees.
The board of directors will be voted for during the coming General Assembly meeting for the company, which will be held soon after coordination with the Ministry of Commerce, and the exact date will be announced.

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