Saudi Chemical Co. Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Company Holding announces the opening of nomination for membership of the Board of Directors for the next term for three-years, which begins on 01/01/2022 and ends on 31/12/2024. |
Taking into consideration that the nomination for membership of the Board of Directors will be in accordance with the provisions of the Companies Law issued by Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and the Nomination and Remuneration policy of Saudi Chemical Company Holding Board members approved by the General Assembly.
Those who wish to nominate themselves for membership of the Board of Directors and who meet the membership conditions and criteria must submit their candidacy applications within the specified period and in accordance with the details contained in this announcement.
Selection of the nominated members for the Board of Directors new term will take place at the upcoming general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities.
P.O: 7632 Riyadh 12831 Al Ihsa street - Riyadh
Or by e-mail: Shareholders.Affairs@saudichemical.com
Phone: 0114515771
1- Comply with the criteria of approved policy of membership of the Board of directors (attached).
2- candidate should not exceed 5 listed companies Board memberships.
3- A disclosure of any conflict of interest cases should be presented to the Board of Directors and the General Assembly according to the regulations stated by the organization which includes:
- Any direct or indirect interest in the Company activities and contracts.
- Being part of any business that competes the Company or any of its activities.
4- For candidate who are willing to be designated as an independent member, they must avoid any conflict of interest cases in accordance with the rules and regulations of the Capital Market Authority.
5- Submit a signed copy of form No. (1) Curriculum vitae in Arabic and English (Attached).
6- Submit a signed copy of form No. (3) issued by the Capital Markets Authority for Board membership candidacy (Attached) also a copy could be downloaded from CMA website through: https: //bit.ly/3qWw8VC
7- A letter should be presented within a month from opening the registration to the Nomination & Remuneration Committee indicating the candidate’s interest in being a Board member (Attached).
8- A clear and valid copy of the national ID.
9- A list of the previous Boards’ (Terms) and their dates, if the participated In a listed Company Board, if the candidates were Saudi Chemical Company Board of directors member he shall state the last term number of Board meetings he attended in addition to committee meetings that he was a member of it.
Voting at the General Assembly meeting shall be only for those who nominate themselves for the board of directors in accordance with the above-mentioned regulations.
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.