Takween Advanced Industries Co. Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | Takween Advanced Industries Co. announces the opening of the nomination for membership of its board of directors for the next session, which starts from January21, 2023 and until January20, 2026 (a period of three years). The nominations 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 policy of criteria and procedures for membership in the Board of Directors approved by the General Assembly. The nominated members will be elected at the next General Assembly meeting, whose date will be announced later, after the necessary approvals from the concerned authorities. |
| Type of Assembly | New Session |
| Assembly Start Date | 2023-01-21 Corresponding to 1444-06-28 |
| Assembly End Date | 2026-01-20 Corresponding to 1447-08-01 |
| Number of members | 7 |
| Application Start Date | 2022-10-03 Corresponding to 1444-03-07 |
| Application End Date | 2022-11-13 Corresponding to 1444-04-19 |
| Applications Submission Method | The originals, annexes and forms referred to shall be sent to the attention of the Nomination and Remuneration Committee by submitting them to the Investor Relations Department at the Company's headquarters or by sending them to the following address: |
Takween Advanced Industries – Alkhobar – ALQashla – King Saud Street along with King Fahad – Alothman Holding tower – 16th floor
or by sending them to the national address of the company or by the following emails :
aalsabah@takweenai.com
zayyat@takweenai.com
For inquiries, you can contact Investor Relations on the number:
0138534335 , 0138534360
Fax: 0138534343
A) Each shareholder has the right to nominate himself or one or more other persons for membership in the Board of Directors, within the limits of his shareholding percentage in the capital.
B) the members of the Board of Directors shall be natural persons.
C) The nomination period shall remain open for (40) days, nomination applications are received by the nominees themselves
for membership during the period indicated in the nomination announcement. Any applications that
received after the deadline will not be accepted.
D) All applications shall be sent to the Nomination and remuneration Secretary committee to the Head office.
E) The candidate must fill out Form 3 issued by the Capital Market Authority in both Arabic and English. ( attached)
F) The candidate must fill out Form 1 in both Arabic and English (attached).
Noting that the Company's Nominations and Remunerations Committee will take into account the process of nominees fulfilling the requirements and conditions for membership above, as voting in the General Assembly for the new term of the Board will be limited to nominees who meet the policies, standards and procedures attached and shown in this announcement.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.