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Saudia Dairy and Foodstuff Co. Announces Calling Candidature for Board Members Elections

SADAFCO 2270 0.07% 300.20 0.20
Element List Explanation
Introduction Saudia Dairy & Foodstuff Co. (SADAFCO) is pleased to announce to its shareholders the opening for nominations for the Board of Directors membership for its next three-year term, commencing on 1st April 2021 and ending on 31st March 2024.

Shareholders owning 1000 shares (of a nominal value no less than SAR 10,000) wishing to nominate themselves, who satisfy membership conditions and standards approved by the Ordinary General Assembly Meeting on 24/06/2013 (as per the attachment) in accordance with the relevant rules and regulations.

Individuals wishing to nominate themselves for the membership of the Company’s Board of Directors for the abovementioned period should apply to the Remuneration and Nomination Committee on Wednesday, 15/09/2020 until and no later than Saturday 17/10/2020. Application must be enclosed with below documents and submitted to the address below:

Type of Assembly New Session
Assembly Start Date 2021-04-01 Corresponding to 1442-08-19
Assembly End Date 2024-03-31 Corresponding to 1445-09-21
Number of members 9
Application Start Date 2020-09-16 Corresponding to 1442-01-28
Application End Date 2020-10-17 Corresponding to 1442-02-30
Applications Submission Method Please note that any application that does not meet the below conditions will not be considered. Whoever finds him/herself competent and capable among the shareholders who meet the below conditions should apply for nomination and the application must be enclosed with below mentioned documents and accompanied by a brief note on your motivation for applying for this position. Provided that the original copies of the applications must be sent by Express, Barid Mumtaz (Express Mail) or handed over to the Investor Relations at the following address: Saudia Dairy & Foodstuff Co. (SADAFCO), Sadafco, Al-Nakheel, East of the highway, Jeddah, PO Box 5043, Jeddah 21422, for more information please call 012-6293366 Ext.280.
Application Requirements 1- Submitting a written request signed by the candidate expressing his/her details of candidacy including personal profile, qualifications and experience in the area of the Company's business, enclosed with a clear photocopy of his/her resume.

2- Indicating the number and dates of memberships in the boards of joint stock companies of which the candidate has been a member.

3- The candidate must state all the joint stock companies of which the candidate is still a member. Provided that, he/she must not be a member at more than five joint stock companies currently, including SADAFCO, and should indicate the ending date of each membership.

4- The candidate must disclose any participation in companies or business, whether in its management or ownership, directly or indirectly, and has similar business activity.

5- The application enclosed with a clear copy of the nominee’s national ID for individuals, the commercial registration for companies and establishments, and the phone numbers of the nominee.

6- Completing form (3) as issued by the Capital Market Authority and enclose it with the application. The form can be found on the CMA’s website:

https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx

7- Any nominee who has previously membership with the company shall enclose with the nomination notice a statement from the company administration on the last term in which he was a board member including the following information: the number of the board meetings held in each year of the term and the attended meeting on behalf of other members and the percentage of his attendance to the total meetings. The standing committees in which the member participated, the number of the meetings held by each committee within one year of the term period, the number of the meetings he attended on behalf of another member and the percentage of his attendance to the total meetings.

8- Note that voting in General Assembly will be only for those who nominate themselves for Board of Directors in accordance to the above mentioned regulation.

Candidate Conditions

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