Naseej for Technology Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Naseej for Technology announces the initiation of nomination for membership of the Board of Directors Which begins its work as of September 20, 2024 AD, for a period of three Gregorian years ending on September 19, 2027 AD. Taking into consideration that the nomination for membership of the Board of Directors will be in accordance with the provisions of the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and the Board Membership Standards Policy approved by the General Assembly.
Those who wish to nominate themselves for membership of the Board of Directors and who meet the Board Membership Standards Policy, must submit their candidacy applications within the specified period and in accordance with the details contained in this announcement.
The selection of the nominated members for the Board of Directors new term will take place at the general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2024-09-20 |
| Term End Date | 2027-09-19 |
| Number of members | 8 |
| Nomination Start Date | 2024-07-03 Corresponding to 1445-12-27 |
| Nomination End Date | 2024-08-02 Corresponding to 1446-01-27 |
| Applications Submission Method | Nomination requests and attachments shall be sent to the Remuneration and Nominations Committee during the specified nomination period via email: [email protected]
It must be received before the end of August 2, 2024.
For inquiries, you can contact during official working hours: via phone 0096614770477 ext. 1018. |
| Policy and criteria of nomination | The nomination will be in accordance with the provisions governing membership of the Board of Directors stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and the Board Membership Standards Policy approved by the General Assembly (attached).
The Nominee shall submit the following requirements during the specified announcement period:
1- Provide a letter indicating the Nominee interest in being a Board member. The letter should include the curriculum vitae.
2- Submit a signed form No. (3) issued by the CMA with full data required (Attached), This form can be obtained from the CMA website at the following link: https://cma.org.sa/RulesRegulations/FormsSite/Documents/Form3.doc
3- Submit Form No. (1) “CV” issued by CMA, including all required information (attached).
4- A clear and valid copy of the national ID card, family card- if any-, passport Travel for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities.
5- Review relevant rules and regulations, including the Board Membership Standards Policy, and the Nominee is responsible for ensuring compliance with the policy. |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |  |
| Attached Documents | |
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