Halwani Brothers Company Announces the Initiation of Nomination for Membership of the Board of Directors for the Next Term
| Element List | Explanation |
|---|---|
| Introduction | Halwani Brothers Company announces the Initiation of nomination for membership of the Board of Directors for the upcoming term, which begins on 07 / 11 / 2024 and lasts for three Georgian years, ending on 06 / 11 / 2027. Gentlemen wishing to nominate themselves for Board of Directors membership, who meet the membership requirements and qualifications, are invited to submit their nomination applications in accordance with the details provided in this announcement. The nominated members will be elected at the next General Assembly meeting, the date of which will be announced later, God willing, after obtaining necessary approvals from the competent authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2024-11-07 |
| Term End Date | 2027-11-06 |
| Number of members | 9 |
| Nomination Start Date | 2024-07-01 Corresponding to 1445-12-25 |
| Nomination End Date | 2024-08-01 Corresponding to 1446-01-26 |
| Applications Submission Method | Nomination applications and attachments should be sent to the Nominations and Remuneration Committee during the specified nomination period via email to: BoardNomination@halwani.com.sa |
They must be received before the end of August 1, 2024.
For inquiries or further information, please contact us during business hours at: Phone No. 00966126366667 Extension No. 312.
1) Taking into account and fulfilling the conditions and criteria stipulated in the Policy for Board of Directors Membership Standards and Procedures, which has been approved by the General Assembly (attached)."
2) The candidate must submit a written notification of his desire to be nominated for board membership. (attached)
3) Submit a signed copy of Disclosure Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors (attached). The form can also be obtained from the CMA's website: https://bit.ly/3qWw8VC
4) The candidate must complete the Form No. (1) - the Curriculum Vitae in Arabic and English language. (attached)
5) The candidate must provide the company with all supporting documents such as (national identity card, family card, passport for non-Saudis applying for board membership or commercial record for corporate and any other related documents required by the company to meet the statutory requirements).
It is noteworthy that the Company's Nomination and Remuneration Committee will ensure that the candidates meet the membership requirements and conditions according to the applicable policies and relevant regulations. Voting in the General Assembly for the new Board term will be limited to the candidates who have fulfilled the conditions, standards, and criteria for Board membership, as highlighted in this announcement. It should be noted that the Board of Directors members will be elected according to the cumulative voting system, as per the 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.