Arabian Drilling Announces the opening of nominations for membership of the Board of Directors for two vacant seats for the current session
| Element List | Explanation |
|---|---|
| Introduction | Arabian Drilling announces the opening of nomination for Board Membership for two vacant seats for independent members to complete the current session, which ends on 21/06/1448H corresponding to 01/12/2026G, for those who meet the conditions and qualifications for membership in accordance with what is included in the Criteria for candidacy for membership of the Board of Directors (attached), and in accordance with the conditions, controls and requirements included in the statutory texts, the corporate governance regulations issued by the Capital Market Authority, and the applicable regulations require in appointing independent members of the Board of Directors. |
| Type of Assembly | Supplementary Session |
| Assembly Start Date | 2021-11-02 Corresponding to 1443-03-27 |
| Assembly End Date | 2026-12-01 Corresponding to 1448-06-21 |
| Number of members | 2 |
| Application Start Date | 2022-11-29 Corresponding to 1444-05-05 |
| Application End Date | 2022-12-28 Corresponding to 1444-06-04 |
| Applications Submission Method | The original candidacy applications, their attachments and the aforementioned forms to be submitted to Nomination and Remuneration Committee by sending it to the Investor Relations Department during the working business hours using the following methods:
1. Arabian Drilling Company (Al-Jawhara District, P.O. Box 4110, Al-Khobar 31952) 2. By e-mail ([email protected])
For inquiries, you can contact the Investor Relations Department by phone: (013) 8297022 |
| Application Requirements | 1. Submit a letter to the Company’s management stating the candidate’s desire to run during the announcement period specified for one month from the time of opening of the nomination, provided that the letter is accompanied by his curriculum vitae, qualifications, and experience in the company’s business field in accordance with the relevant forms and statutory requirements. (attached)
2. Submit a statement that includes the names of the joint stock companies in which the candidate participates in the membership of their boards of directors and committees. 3. Submit a statement of the companies or institutions that the candidate jointly manages or owns and that practice similar business to the company. 4- Submit a signed copy of Form No. (3) Issued by the Capital Market Authority for nomination of Board of Directors (attached). 5.Disclosure to the Board of Directors and the General Assembly of any cases of conflict of interest and conditions of independence in accordance with the procedures established by the Capital Market Authority including: A.Having any direct or indirect interest in the business and contracts made for the Company. B.Participation in a business that would compete with the company, or competition in one of the branches of the activity in which the company is engaged in. 6. Provide a statement of the number and date of the boards of directors of the companies in which the candidate was a member, if the candidate has previously held membership in the board of directors of a joint stock company. However, if the candidate has been a member to the board of directors of the company in previous sessions, the candidate must attach a statement of the sessions in which the candidate participated, and the Company shall complete the necessary measures. 7. All forms must be filled in Arabic and English. |
| Candidate Conditions |  |
| Attached Documents | |
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