L'azurde Company for Jewelry (L'azurde) is pleased to announce to the respectful shareholders the opening of nomination for Board of Directors membership for the upcoming term of three years starting 26 April 2018G and ending 25 April 2021G.

Shareholders or others qualified, who wish to nominate themselves to membership of the Board of Directors of the Company for the new session shall submit their nomination application to the Company's management, attention of the Nominations and Remuneration Committee within the period starting from Wednesday, 10 January 2018 and no more than the end of Sunday, 11 February 2018, each nominee must meet the membership statutory requirements as relevant regulations. Specifically, Companies laws and the corporate governance regulation issued by the Capital Market Authority.

Each shareholder may nominate himself/herself, another qualified person or more for the membership of the Board of Directors, within the limit of his/her share in the capital. The date of general assembly meeting to elect board members will be announced later after complete the statutory procedures and obtain necessary approvals from the competent authorities. The following are criteria and requirements that should be met or attached with the nomination application;

1- Submit a written request signed by the candidate express details of the candidate in terms of curriculum vitae, qualifications and experience in the area of the Company's business.

2- The nominee shall be professionally capable and has the required experience, knowledge and skill, which enable him/her to perform his/her duties efficiently.

3- The nominee shall have a valuable experience, strong communication skills and strategic thinking capabilities.

4- The nominee shall not be a government employee.

5- In the case of independent member, the independent member shall not meet all the conditions of independency.

6- The nominee shall not be previously convicted of dishonor or dishonesty crime, decided as bankrupt, has made arrangements or conciliation with his creditors or unfit for the Board membership in accordance with any law or instructions applied in the Kingdom.

7- Any nominee that has previously occupied board membership at others listed Companies, should enclose with the nomination notice a statement of each Company, including membership duration, number of the board meetings held in each session and the percentage of his attendance to the total meetings.

8- The candidates application must be accompanied by a clear and valid copy of the candidates ID, family card (if married) commercial register for companies and establishments and contact details, including mobile number, telephone number, fax and e-mail address.

9- The candidate must complete and sign the Capital Market Authority Form No. 3 (form for the resume of a board member candidate) and attach it to the candidates application. The form can be obtained from the Capital Market Authority website: https://cma.org.sa/_layouts/15/download.aspx?SourceUrl=/RulesRegulations/FormsSite/Documents/Form3.doc

10- Statement of all the joint stock companies of which the candidate is still a board or committee member and clarify membership type, i.e. an executive member or a non-executive member or an independent member.

11- The candidate must have enough experience, knowledge with company laws, corporate governance rules and any related regulations.

12- The candidate upholds all the rules and regulations related to the membership of board of directors of listed companies pursuant to the Companies law and rules and regulations of the Capital Market Authority.

Be informed that the Nominations and Remuneration Committee will give priority to those candidates that have high qualifications and complementary relevant experiences that can be valuable to the Board. Applications not meeting the above mentioned conditions will not be considered.

Voting in the Ordinary General Assembly that will be set later, shall be restricted to those who have nominated themselves for membership of the board in accordance with above rules and have met the other statutory requirements pursuant to applicable laws and regulation, and who has been approved by the competent authorities, using cumulative vote method.

The nominations applications and attachments shall be delivered to the Company's headquarter in Riyadh Industrial City 2 by express courier (addressed to of the Nominations and Remuneration Committee) before above mentioned deadline to the following address;

Company's headquarters in Riyadh City, 2nd industrial Area, street no. 198 - P.O. Box 41270 Riyadh 11521

For inquiry you can communicate with the investor relations through: Phone: +966 11 269 1119 (Ex.304 or 818)
Fax: +966 11 265 6060
Email: investors@lazurde.com