Al Hassan Ghazi Ibrahim Shaker Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Al Hassan Ghazi Ibrahim Shaker Co. announces the opening of nomination for one independent seat on the Company’s Board of Directors for the current term, which commenced on 25 May 2025 for a duration of four Gregorian years and will end on 24 May 2029. |
Those who wish to nominate themselves for membership of the Board of Directors and who meet the membership requirements and qualifications must submit their nomination applications within the period specified in the announcement and in accordance with the details set out below.
The voting to elect the nominated member will take place during the upcoming General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities.
RNCS@shaker.com.sa
1. Fulfillment of the general conditions for Board membership and the nomination requirements outlined in the Board Membership Policies, Criteria, and Procedures approved by the company’s General Assembly. (Attached)
2. An individual wishing to nominate themselves for membership on the Board of Directors must disclose their intention by completing the Board Membership Nomination Form as per the attached document within the specified period, along with all the required documents. (Attached)
3. Complete and sign Form No. (1) issued by the Capital Market Authority (CV) in both Arabic and English. (Attached)
4. Complete and sign Form No. (3) issued by the Capital Market Authority for Board membership nomination, specifying the type and nature of membership, and disclose to the Board of Directors and the General Assembly any conflicts of interest according to the procedures established by the Capital Market Authority. (Attached)
The form can be obtained from the CMA website at the following link: https://cma.org.sa/RulesRegulations/FormsSite/Documents/Form3.doc.
5. Submit a statement containing the names of the companies or institutions in which the nominee has a management or ownership interest, and that compete with the company’s business activities (if applicable).
6. The nominee must attach a copy of their national ID card, family card (if applicable), and any other relevant documents required by the company to fulfill legal requirements.
The Nomination and Remuneration Committee will review the nominations received. The committee will exclude any incomplete applications. and will also exclude any nominee who does not meet the membership conditions and criteria outlined in the company’s Board Membership Policies, Criteria, and Procedures, without referring back to the applicant or notifying them.
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.