Bawan Company announces the opening of nomination for membership of the Board of Directors

Element List	Explanation
Introduction	Bawan Company is pleased to announce to shareholders the opening of the nomination for membership of the company’s board of directors for the upcoming term, which begins on September 26, 2022, and for a period of three years ending on September 25, 2025, in accordance with the provisions of the Companies Law issued by the Ministry of Commerce and the Corporate Governance Regulations Issued by the Capital Market Authority, in addition to the Policies, Standards and Procedures for Membership in Bawan Co. Board of Directors, as per the attachment.

Element List

Explanation

Introduction

Bawan Company is pleased to announce to shareholders the opening of the nomination for membership of the company’s board of directors for the upcoming term, which begins on September 26, 2022, and for a period of three years ending on September 25, 2025, in accordance with the provisions of the Companies Law issued by the Ministry of Commerce and the Corporate Governance Regulations Issued by the Capital Market Authority, in addition to the Policies, Standards and Procedures for Membership in Bawan Co. Board of Directors, as per the attachment.

The members of the Board of Directors will be elected for the new term during the next General Assembly meeting, the date of which will be announced at a later time, after obtaining the necessary approvals from the competent authorities.Type of AssemblyNew SessionAssembly Start Date2022-09-26 Corresponding to 1444-02-30Assembly End Date2025-09-25 Corresponding to 1447-04-03Number of members9Application Start Date2022-05-19 Corresponding to 1443-10-18Application End Date2022-06-19 Corresponding to 1443-11-20Applications Submission MethodThe original nominee applications, their attachments, and the aforementioned forms shall be sent to the Secretariat of the Nomination and Remuneration Committee at Bawan Company via PO Box 25533, Riyadh 11476, or via the following email to abdulhadi.zafar@bawan.com.sa , or by handing them to the Secretariat of the Nomination and Remuneration Committee at the company’s headquarters at the following address:

Kingdom of Saudi Arabia - Riyadh City

Al-Muhammadiyah District - King Fahd Branch Road - Al-Oula Building

Fifth floor - The Secretariat of the Nomination and Remuneration Committee.

Phone No.: 011 – 291 77 99 Ext.: 1700

Fax: 011 – 291 58 58Application RequirementsThe nominee must fulfill the conditions for nomination for membership in the Board of Directors contained in the relevant rules and regulations, and the Policies, Standards and Procedures for Membership in Bawan Co. Board of Directors (attached).

The company’s shareholders who wish to nominate themselves or another person for membership in the company’s board of directors who meet the requirements and qualifications for membership, are requested to submit their nomination applications to the company at the company’s address during official working hours. The nomination application must include the following:

1. Submit the application form for nomination for the membership of the Board of Directors of Bawan Company (attached), accompanied by a curriculum vitae, qualifications and experience in the company’s business field, and the nominee’s contact details.

2. Submit the CV form No. (1) in both Arabic and English (attached)

3. Submit a signed copy of Disclosure Form No. (3) issued by the Capital Market Authority for nomination for membership of the Board of Directors (attached). The form can also be obtained in Word version through the website of the Capital Market Authority:

https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx

4. Submit a clear and valid copy of the personal identity and the family registry for individuals and the commercial registry for companies.

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 set forth in this announcement.Candidate ConditionsAttached Documents

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.