Al Taiseer Group Talco Industrial Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | AL-TAISEER Group "Talco" Industrial Company announces the opening of the nomination for the membership of the Board of Directors for upcoming session starting on 2025-09-19 , and for a period of four years. |
Those who are interested in running for the Board of Directors membership, and meeting the criteria and standards for membership, should submit nomination applications during the specified nomination period and in accordance with the details provided below
Nominations for membership of the Board of Directors shall be pursuant to the provisions of the Companies Law and implementing regulations, and the Corporate Governance Regulations issued by the Capital Market Authority (CMA), In addition to the Company’s Bylaw and the Policy, Standards and Procedures for Board Membership.
The nominated members will be elected at the next General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals of competent authorities.
1- Fulfilling the Board of Directors’ membership’s general criteria and the nomination requirements contained in the policy, standards and procedures of the Board of Directors’ membership approved by the General Assembly of the Company (attached)
2- Submit during the nomination period specified in the announcement a signed letter by the candidate declaring his\her desire to be nominated for the board of directors’ membership (attached), accompanied by all the necessary requirements.
3- Submit Form No. (1) of the CV approved by the Capital Market Authority for candidates for membership in the boards of directors of joint-stock companies listed on the Saudi Stock Exchange, attached in Arabic and English in (PDF) and (Word) formats.
4- Submit a signed copy of the attached Form No. (3) issued by the Capital Market Authority for nomination for membership in the Board in Arabic and English in (PDF) and (Word) formats. The form can be obtained also through the Authority’s website (https://cma.org.sa)
5- A statement of the boards of directors of joint-stock companies and committees in which the candidate was previously a member, their dates and membership status, as well as a statement of the boards of directors of joint-stock companies and committees in which the candidate is still a member and membership status.
6- A statement in which the candidate discloses any direct or indirect interest in the business and contracts carried out on behalf of the company.
7- A statement of the companies or institutions that he participates in managing or owning and that carry out activities similar to the company’s activities or that compete with it or one of the branches and subsidiaries.
8- Attach a clear and valid copy of the national ID card, as well as a copy of the family register, a copy of the passport for non-Saudis, or a copy of the commercial register for companies and institutions.
The Nominations and Remuneration Committee will only consider complete candidate applications.
Voting in the General Assembly is limited to candidates for membership in the Board of Directors whose information has been announced by the company in accordance with Paragraph (a) of Article Eight of the Corporate Governance 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.