Subject: Arabian contracting services co. announces calling candidature for board members elections for seat number 07
| Element List | Explanation |
|---|---|
| Introduction | Arabian contracting services co. announces the opening of the nomination for the membership of the Board of Directors for the current term, which commenced 05/January/2022 and for a period of three Georgian years ending on 04/January/2025. |
The candidacy for membership of the Board of Directors shall be in accordance with the provisions contained in the Saudi Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority (‘CMA’), the provisions of the Company’s Bylaw and the Selection Policy which was approved by the Company’s General Assembly.
Individuals who wish to nominate themselves for membership of the Board of Directors, who meet the conditions and qualifications for membership, must submit their candidacy applications within the period specified in the announcement and in accordance with the details provided below.
Voting will take place to elect the nominated members at the next General Assembly meeting, the date of which will be announced later.
Original nomination applications must be submitted either by personal delivery in a sealed envelope with the name of the Secretary of the Nomination and Remuneration Committee during official working hours or by an internationally recognized courier service (e.g. FedEx, DHL, etc.), to the Secretary of Alarabia’s Nomination and Remuneration Committee before the application end date.
All nominations submitted pursuant to the preceding paragraph shall be sent to:
Attn: NRC Secretary of Arabian contracting services co.
Floor 32 - Al Olaya Towers
3074 Prince Mohammed Bin Abdulaziz Road - Al Olaya
Unit No. 3077
Riyadh 12213-8022
Kingdom of Saudi Arabia
a- A clear and valid copy of the national identity card, family card or passport (for non-Saudis).
b- Candidate’s CV (according to Annex 11 of the Rules on The Offer of Securities and Continuing Obligations issued by the Capital Market Authority). (Attached)
c- Submit a signed copy of Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors. (attached)
d- Submit a signed copy of the attached Declaration. (Attached)
In line with the provisions of the Corporate Governance Regulations, any Board nominee should disclose to the Board and the General Assembly any Conflict of Interest, in accordance with the procedures prescribed by the CMA. This includes, but is not limited to:
1. Having a direct or indirect interest in the business and/or contracts that are made for the Company.
2. Participating in a business which is a Competitor of the Company.
The nomination forms must be completed and personally signed by the candidate.
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.