The Knowledge Economic City Company Announces the Opening of the Nomination for the Company’s Board of Directors in its New Term
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| Introduction | Knowledge Economic City Company (the Company) is pleased to announce to its respected shareholders the nomination opening for the membership of its board of directors in its new term commencing 28 July 2021 for a three-year term ending on 27 July 2024. |
The nomination process will be in accordance with the provisions of the Saudi Companies Law and its implementing regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the company's bylaws and the company’s policies, standards and procedures for membership in the Board of Directors approved by the assembly general meeting.
Every shareholder has the right to nominate himself or another person person/s for membership of the Board of Directors, in accordance with his ownership in the company’s capital and the regulations issued by the competent authorities. The nominee is requested to submit his nomination application during the specified period for nomination and in accordance with the conditions and controls mentioned above along with controls and forms attached hereto.
The new board will be elected for the new session during the next general assembly meeting, which will be announced according to the related procedures and after obtaining the necessary approvals from the competent authorities to hold the meeting. Voting in the general assembly that will elect the members for the new session using cumulative voting will be limited to those who nominated themselves according to the controls and criteria and per the forms used for the nomination.
1) By hand – delivered to company's headquarters with a receipt conformation to be issued to the nominee by the company.
2) Sent by mail to company address: Building No. 5275, Unit No. 1, Al-Madinah Al-Munwwarah 42362-6532, provided that nomination documents arrive before COB 26 May 2021.
3) Email: info@madinahkec.com (with the original documents sent to company address)
Company Address:
Daiwan Almaarifa - King Abdulaziz Road - Al Mabouth District, Madinah.
For inquiries: Tel (0148651010) ext. (4059) or (4045)
With the Nominee to kindly:
1. Submit a signed application for board membership (attached).
2. Submit a CV Form (1) filled out in both Arabic and English (attached)
3. Submit a filled and signed copy of form No. (3) issued by the Capital Market Authority for nomination to membership of the Board of Directors (attached) the form could be downloaded from CMA website through the link:
https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx
4.: Share a clear copy of the personal identity card, the family identity card for individuals, and the commercial registration for companies.
5. Ensure all forms are completed and signed by the nominee, as incomplete applications will not be considered.
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.