Sadr Logistics Co. announces the opening of the nomination period for the board of director’s membership

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1445/12/07     13/06/2024 16:07:43

Element ListExplanation
IntroductionSadr Logistics Company is pleased to announce the opening of the candidacy for membership of the company's board of directors for its new session (the third session) for a period of four years starting from 16-09-2024 until 15-09-2028

The gentlemen wishing to nominate themselves for membership of the Board of Directors, who meet the conditions and qualifications for membership, must submit their applications for nomination within the period specified in the announcement and in accordance with the details contained in this announcement.

The nominated members will be elected according to the controls mentioned in the announcement during the general assembly of the company and using the method of cumulative voting, whose date will be announced later, God willing, after obtaining the necessary approvals from the competent authorities and according to the procedures follow.

Type of AssemblyNew Session
Term Start Date2024-09-16
Term End Date2028-09-15
Number of members5
Nomination Start Date2024-06-13 Corresponding to 1445-12-07
Nomination End Date2024-07-13 Corresponding to 1446-01-07
Applications Submission MethodThe originals of the nomination applications, their attachments and the aforementioned forms shall be sent to the attention of the Nominations and Remuneration Committee before the end of the nomination period described in the announcement and during official working hours (from eight in the morning to four in the evening) by any of the following methods:

1- Handing over by hand at the company's headquarters to the secretary of the Nomination and Remuneration Committee - Riyadh, Al-Yasmeen District, Anas Bin Malik Road, Building No. 4432, Second Floor.

2- Delivery by post: PO Box 6812, Postal Code 13325, Riyadh (taking into account the arrival of the consignment during the nomination period).

3- Email submission:

For inquiries, you can contact the Secretary of the Remuneration and Nominations Committee by phone: 0112416262, Ext: 128

Policy and criteria of nominationThe nomination will be in accordance with the provisions contained in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the regulations of policies, standards and procedures for membership in the Board of Directors and the emerging committees approved by the General Assembly of the shareholders, provided that it complies with the following conditions:

1- Commitment to the policies and standards of Board of Directors membership approved by the General Assembly. (attached)

2- Submit an application signed by the candidate expressing his welling to be a member of the Board of Directors. (attached)

3- Fill out and sign Form No. (3) issued by the Capital Market Authority. (attached)

4- Fill out the CV form by the candidate. (attached)

5- Attach a clear copy of valid national ID for individuals and and family record and the residence number and passport for non-Saudis.

6- Certified Arabic translation of any documents or documents written in a foreign language

The company's management will study the applications of candidates received during the period specified for nomination

Note that voting in the General Assembly will be limited to those who nominated themselves for Board membership in accordance with the policies, standards and procedures for membership in the Board of Directors.

Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange
Attached Documents      

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.

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Last Price 3.35
Net Change 0.0 (0.0%)
Value Traded (Sar) 1,502,391.52
Volume Traded 448,880
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