Saudi Industrial Development Company (SIDC) announces opening of the nomination for membership of the Board of Directors for a new term.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Industrial Development Company (SIDC) is pleased to announce opening of the nomination for membership of the company's board of directors for the tenth session for a period of three years starting from 01/01/2022 until 31/12/2024. Therefore, whoever has the desire and competence must submit an application to the management of the company within the specified period and in accordance with the details contained in this announcement |
| Type of Assembly | New Session |
| Assembly Start Date | 2022-01-01 Corresponding to 1443-05-28 |
| Assembly End Date | 2024-12-31 Corresponding to 1446-06-30 |
| Number of members | 10 |
| Application Start Date | 2021-04-14 Corresponding to 1442-09-02 |
| Application End Date | 2021-05-13 Corresponding to 1442-10-01 |
| Applications Submission Method | Please submit the nomination application with all the documents shown here: complete supporting documents, a clear copy of the national identity card for individuals, the commercial register for companies and institutions, an explanation of the candidate's means of communication (mobile numbers, phone numbers, faxes and e-mail) before the end of the specified date, addressed to the company's management. For inquiries, you can contact the following address: Saudi Industrial Development Company (SIDC), City of Jeddah, Prince Muhammad bin Abdulaziz (formerly Tahlia) Street, PO Box 12105, Jeddah 21473, Phone 0126102222, Fax: 012610555 |
| Application Requirements | Conditions for candidacy are in accordance with the provisions contained in the Companies Law, the Capital Market Authority Law and their implementing regulations and related controls, the Corporate Governance Regulations, the Company's Articles of Association, the policy, standards and procedures for membership in the Company’s Board of Directors, provided that all the following documents are attached: |
1. A request from the candidate stating the desire to run for membership in the company's board of directors.
2.The candidate’s CV, including his academic qualifications and experience in the company's business.
3. A statement of the number and date of his membership in the boards of directors of joint stock companies, and the committees he assumed membership.
4. The standing committees he participated in, the number of meetings held by each of those committees during each year of the session, the number of meetings he attended, and the ratio of his attendance to the total number of meetings.
5. A statement of the shareholding companies that he is still holding
6. A statement of the companies or institutions that he participates in managing or owning and carrying out similar activities to that of the company.
7. If the candidate has previously held the membership of the board, he must attach to the candidacy application a statement from the company’s management about the last session in which he took up the membership of the board, including information on the number of board meetings that took place during each year of the session, and the number of meetings the member attended and attendance rate for total meetings.
8. Fill out the Capital Market Authority Form No. (3), which can be obtained through the CMA website.
9. Submitting a declaration from the candidate that he meets the membership criteria and is ready to fulfill his duties and responsibilities.
Note that voting in the General Assembly, the date of which will be determined later, will be limited to those who nominated themselves for membership in the Board of Directors in accordance with the above-mentioned controls, and the voting will be by using the accumulative voting.
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.