Al-Jouf Agricultural Development Co. Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | Al-Jouf Agricultural Development Company invites the shareholders whom wishing to nominate themselves for candidacy for membership of the Board Directors of the company (twelfth), which starts from 22-03-2024G and ends on 21-03-2027G in accordance with the controls stipulated in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the policies, standards and procedures for membership in the approved Board of Directors (attached), and it is planned to elect the members during the next general assembly meeting, the date of which will be announced at a later time. |
| Type of Assembly | New Session |
| Assembly Start Date | 2024-03-22 Corresponding to 1445-09-12 |
| Assembly End Date | 2027-03-21 Corresponding to 1448-10-13 |
| Number of members | 7 |
| Application Start Date | 2023-12-21 Corresponding to 1445-06-08 |
| Application End Date | 2024-01-21 Corresponding to 1445-07-09 |
| Applications Submission Method | Applications will be accepted by :
1- Email aahmed@aljouf.com.sa 2- Registered mail to the following address : Al-Jouf Basita P.O. Box 321 3- Hand-delivered to the company's headquarters in Basita – Al-Jouf
In the event of any inquiry, the inquiry is sent via the special e-mail to the Secretary of the Nomination and Remuneration Committee, mentioned above or phone number 0146466664. |
| Application Requirements | The nomination will be in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Regulations, Policies, Standards and Procedures for Membership in the Board of Directors and the emanating committees approved by the General Assembly of the Company's shareholders, provided that all the following documents are attached to the candidacy application:
1- Submit a CV indicating personal data, qualifications and experience. 2- A statement of the number and dates of the boards of directors of the companies or institutions in which he is a member. 3- A statement of the joint stock companies in which he is still a member. 4- A statement of the companies or institutions that he participates in managing or owning and carrying out business similar to the company's business. 5- To be of good conduct and behavior and who enjoys a good reputation on the personal and professional levels. 6- To have experience in the field of the company's business or similar work. 7- To have the ability to allocate sufficient time to contribute to directing the company's business and policies. 8- Have good knowledge in the field of planning and management. 9- To have an appropriate scientific qualification. 10- Be at least 25 years old. 11- To enjoy independence and no conflict of interest, as (3) independent members will be appointed based on the provisions of item (3) of Article (16) of the Corporate Governance Regulations. In the event of obstacles to independence, it must be disclosed. 12- Fill out and sign Form No. (3) CV of the candidate for membership of the Board of Directors 13- Attach a clear and valid copy of the national ID or residence permit for individuals, as well as the family record (for the married) and the candidate's contact numbers, including phone, mobile phone and e-mail. 14- The candidate must have the ability to lead, direct and speed in decision-making The Nomination and Remuneration Committee will study the candidates' applications received in accordance with the provisions of paragraph (2) of Article Sixty-Five of the Corporate Governance Regulations issued by the Capital Market Authority. Incomplete applications will not be considered. Voting in the General Assembly will be limited to those who have nominated themselves for membership of the Council. |
| Candidate Conditions |  |
| Attached Documents | |
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