Wataniya Insurance Co. Announces Calling Candidature for Board Members Elections
| Element List | Explanation |
|---|---|
| Introduction | Wataniya Insurance Company is pleased to announce the start of the nomination period for the election of the Board of Directors for a new term of three years, commencing on 25th of Ramadan, 1443H corresponding to 26TH of April 2021, and ending on 27th of Shawwal, 1446H, corresponding to 25th of April, 2025. The application start date will begin on 01/03/1443H corresponding to 07/10/2021 and will end on 02/04/1443 corresponding to 07/10/2021. |
| Type of Assembly | New Session |
| Assembly Start Date | 2022-04-26 Corresponding to 1443-09-25 |
| Assembly End Date | 2025-04-25 Corresponding to 1446-10-27 |
| Number of members | 10 |
| Application Start Date | 2021-10-07 Corresponding to 1443-03-01 |
| Application End Date | 2021-11-07 Corresponding to 1443-04-02 |
| Applications Submission Method | The applicant must be accompanying the application letter by the following: |
- An updated curriculum vitae that includes all the personal data, experience, and qualifications, in addition to a copy of all qualifications.
- A clear picture of the national ID card, the family card, and passport, and residence visa for non-Saudis, as available.
- All nomination forms issued by the Saudi Central Bank and the Capital Market Authority.
- Completion of Form (3) from the Capital Market Authority, which can be accessed through the following link:
https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx
- Completion of Fit and Proper Form from Saudi Central Bank, which can be accessed from the following link:
http://www.sama.gov.sa/ar-sa/Insurance/Pages/Forms.aspx
Applications are sent, with all the above attached, as appropriate, to the following email:
g.junaid@wataniya.com.sa
Or sent by registered mail to the Governance Department to the Secretary of the Board of Directors at the Company headquarters at the following address: PO.box. 5832 Jeddah 21432. National address: Wataniya Insurance Company Unit No. (4), 8530 Medina Road, Alandalus, Jeddah, postal code: 23325- 4321, Saudi Arabia.
The members of the Board of Directors will be elected during the General Assembly Meeting of the Shareholders of the Company. The meeting will be held at a date to be determined after the necessary approvals have been obtained from the regulatory authorities. The meeting will be announced in a timely manner.
Candidates must not have previously received a sentence of a shariah punishment or has previously committed an immoral act.
Candidate must not be a Board Member for more than five joint-stock companies at the same time.
Candidate must not be a member of the Board of Directors of any other local insurance and/or reinsurance company, or of one of the committees of its boards, and must not hold any leadership positions in any of those companies as well.
Candidate must not engage in any competing activity in any branch of activity, direct or indirect.
Board members will be elected during the General Assembly meeting of the Company's shareholders, which will be held at a date to be determined after the necessary approvals have been obtained from the regulatory authorities. The meeting will be announced in due course
The Company has the right to request any additional information if needed.
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.