Baazeem Trading Company announces the opening of nominations for membership of its next Board of Directors session.
| Element List | Explanation |
|---|---|
| Introduction | Baazeem Trading Company announces the opening of nominations for membership in the Board of Directors for the next session, which begins its work as of January 26, 2025, for a period of four years. |
This is an invitation to who wishes to nominate himself or herself for the board of directors’ membership.
Gentlemen who wish to nominate themselves for membership in the Board of Directors, and who meet the conditions and criteria for membership, must submit their nomination applications within the specified period and in accordance with the details contained in this announcement.
Kindly note that the Board of Directors for the forthcoming session will be announced elected in the Shareholders General Assembly meeting which will be announced later, after obtaining the necessary approvals from the applicable authorities.
bodirectores@baazeem.com
Telephone: 0114129999 extension no: 2777-2222
1-Commitment to the policy and criteria of the nomination for membership of the Board of Directors as approved by the General Assembly. (attached)
2-Submit a signed letter nomination request letter to the company’s Nominations and Rewards Committee signed by the candidate. (attached)
3-Submit biography in Arabic and English, Form (1) supported by copy of his/her qualifications and experience in the field of corporate business management, whether directly through an executive position he or she has held, or indirectly through membership in the boards of directors. (Attached)
4-Submit a signed copy of Disclosure Form No. (3) issued by the Capital Market Authority for candidacy for membership in the Board of Directors in Arabic and English, clarifying the status of membership and the nature of membership, as well as disclosing to the Board of Directors
and the General Assembly of the company any cases of conflict of interest in accordance with the procedures established by the CMA . (attached)
The form can also be obtained through the website of the CMA at the following link:
https://cma.org.sa/RulesRegulations/FormsSite/Documents/Form3.doc
5-Attach clear and valid copy of the national ID, family record, copy of residency and passport for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities.
- Please provide all attachments required in (pdf) format.
6- The nominee must not be prohibited from working in joint-stock companies by the Capital Market Authority or other bodies regulating the work of financial markets inside or outside the Kingdom.
7-Submitting a statement that includes the names of the joint stock companies in which he participates as a member of their boards of directors and committees, and companies or institutions that are jointly managed or owned and carry out businesses like those of the company.
The Nominations and Remuneration Committee will study the applications received by the candidates. The committee will also exclude incomplete nomination applications submitted during the nomination period and will also exclude any candidate who does not meet the terms and the criteria for membership contained in the list of standards and procedures for membership in the company’s 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.