| Element List | Explanation |
|---|---|
| Introduction | Fawaz Abdulaziz Alhokair & Co. wishes from who want to nominate themselves for membership of the company’s board of directors for the next session, to submit their entire papers and documents in accordance with the terms and conditions stipulated in this announcement which are compatible with all relevant laws and regulations. |
| Type of Assembly | New Session |
| Assembly Start Date | 2020-07-01 Corresponding to 1441-11-10 |
| Assembly End Date | 2023-06-30 Corresponding to 1444-12-12 |
| Number of members | 9 |
| Application Start Date | 2020-04-19 Corresponding to 1441-08-26 |
| Application End Date | 2020-05-19 Corresponding to 1441-09-26 |
| Applications Submission Method | The applications of nominees for the board’s membership will be examined by the company’s Nominations and Remunerations Committee, and personal interviews for those who are initially selected will be arranged, and a report to the Company’s next ordinary general assembly will be presented, the date of which will be announced later. |
Noting that any request that does not meet the requirements will not be considered, provided that the nomination applications’ originals and its attachments and Form No.3 of the Capital Market Authority are sent by express mail or by e-mail shown below or by handing them for the attention of the Shareholders Relations Management at the company’s head office to the following address:
Fawaz Abdulaziz Alhokair & Co. P.O. Box 359 Riyadh 11411 KSA.
investor.relations@fahretail.com
For more information, please call 0114350000 ext.333
1. The Candidate is of a Saudi nationality.
2. The Candidate has to fill and sign the nomination application attached to this announcement and addressed to the chairman and members of the Nominations and Remuneration Committee of the company.
3. The Candidate has to fill and sign Forms No. 1 and No. 3 issued by the Capital Market Authority and attach them to the nomination application.
4. The Candidate’s curriculum Vitae declaring his qualifications and experience in the company’s field of business.
5. That the Candidate attaches a clear and valid copy of the national identity for individuals, as well as the family registry (for a married person), passport, or the commercial registry for companies and institutions, and the contact numbers of the candidate, including phone, fax and e-mail, to the nomination application and the forms.
6. A statement of the number and dates of the boards directors of the companies or institutions that he has been part of its membership.
7. A statement of the joint-stock companies whose membership he still holds, and the expiry dates of these memberships, given that these memberships do not exceed four.
8. A statement of the companies or institutions that he participates in the management or ownership of and exercises similar activities to the company’s.
9. That the Candidate has sufficient experience in the companies’ business.
10. That the Candidate has knowledge of the Companies Law, relevant rules, regulations and circulars.
11. That the Candidate has the ability to read and analyze balance sheets and has knowledge of accounts and finances.
12. That the Candidate has the incentive and time to contribute to directing the company’s business and policies.
13. That the Candidate is independent in his thoughts and is courageous in presenting his own opinions on strategic and commercial matters.
14. That the Candidate is committed to serve the company as a member of the board of directors.
15. That the Candidate enjoys morals, integrity, honesty and credibility.
16. That the Candidate has not been convicted of a crime against honor and honesty.
17. That a decision by the Capital Market Authority has not been issued against the Candidate.
18. That the Candidate is compliant with all articles and items related to membership in the board of directors of joint stock companies mentioned in the Companies Law and the regulations of the Capital Market Authority.
19. It is not permissible (except with the prior written approval of the competent authorities) for a Candidate to nominate for membership in the board of directors whoever has occupied the same position in a liquidated company or has been isolated in another company.
20. That the Candidate has to agree to conduct a personal interview with the Company’s Nomination and Remuneration Committee, if requested.
21. Voting in the general assembly that will be determined later will be restricted to those who nominated themselves for membership in the board in accordance with rules and regulations, and to those approved by the competent authorities.
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.