Al Jouf Cement Co. Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | Al-Jouf Cement Company is pleased to announce to the Shareholders that it opens the nomination for Board Membership. The nomination is open to select Seven members, including at least three independent members as defined by the Corporate Governance Regulations issued by the Capital Market Authority. |
The nomination for the Board Membership for the next term, will be in accordance with the provisions of the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board Membership policies and standards approved by the Ordinary General Assembly. Candidates will be nominated at the next General Assembly Meeting, which will be announced later.
Al-Jouf Cement Company
Remuneration and Nomination Committee
1. Post Address:
• P.O. Box 295689
• Riyadh 11351
2. National Address (Wasel):
Al-Jouf Cement Company
• Building No.: 3571 – Imam Saud bin Abdulaziz Road.
• Unit No.: 8514
• RIYADH 12274
• Kingdom of Saudi Arabia
3. E-mail:
investor.relationship@joufcem.com.sa
1. A detailed Curriculum Vitae (CV) that includes qualifications and experience in the company's field of business.
2. Attaching a copy of the personal ID , in addition to the contact numbers.
3. A statement of the boards of directors of the joint-stock companies and the committees in which the nominee has previously been a member, and their history and membership status, as well as a statement of the boards of directors of the joint-stock companies and the committees in which the nominee is still a member and the status of membership.
4. A statement of the companies or establishments in which the nominee participates in ownership or management, and which engage in activities similar to the company's activities.
5. A nominee who previously served as a member of the Board of Directors of Al-Jouf Cement Company must provide the following information:
A. A statement from the company’s management showing the number of board meetings held in each year of the term, the number of meetings attended by the member, and the percentage of his attendance to the total number of board meetings.
B. The names of the committees in which the member participated, the number of meetings held by each of those committees during each year of the term, the number of meetings attended by the member, and the percentage of his attendance to the total number of committee meetings.
6. Fill in and sign Disclosure Form No. (03) issued by the Capital Market Authority, and attach fill Form NO (01) ( attached) and attach it to the nomination application.
Voting in the General Assembly of the new session of the Board shall be limited to candidates who meet the conditions, controls and criteria set forth in this announcement, noting that cumulative voting will be used to elect the members of the Board of Directors.
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.