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The Saudi National Bank (SNB) Announcement on the opening of the nomination period for the Board of Directors’ Membership for the Next Term.

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SNB
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1445/07/02     14/01/2024 15:30:33

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IntroductionThe Saudi National Bank (SNB) announces the opening of nomination for the Board of Directors membership for the next three-year term, which begins on 15/05/2024G and ends on 14/05/2027G.

The individuals who wish to nominate themselves for the Board of Directors membership and who meet the conditions and qualifications required for the membership must submit applications for their nomination in accordance with the details stated in this announcement.

Type of AssemblyNew Session
Assembly Start Date2024-05-15 Corresponding to 1445-11-07
Assembly End Date2027-05-14 Corresponding to 1448-12-08
Number of members11
Application Start Date2024-01-14 Corresponding to 1445-07-02
Application End Date2024-02-12 Corresponding to 1445-08-02
Applications Submission MethodThe applications and their attachments must be received by the General Secretariat of the Board of Directors - Shareholders Affairs through hand delivery, during official working hours at the following address:

SNB Tower, KAFD, Al Aqeeq District, Riyadh City.

For further inquiries, please contact the Shareholders Affairs Department during official working hours on telephone no. 0118113294

Policy and criteria of nominationNomination for the Board of Directors membership shall be in accordance with the provisions stated in the Companies Law, the instructions and controls issued by the Saudi Central Bank and the Capital Market Authority. The candidate must submit a nomination application in accordance with the following conditions:

1.Fulfilling the conditions and criteria for membership as stipulated in the Board Nomination Policy, Criteria and Procedures (attached).

2.Filling out the nomination form for the Board of Directors membership and submit the required documents according to the attached form.

3.Providing a brief about the nominee, his curriculum vitae, qualifications and experience in the bank business (if any), and attach the supporting documents and certifications.

4.Providing a statement of the joint stock companies that the nominee is still a member of their boards of directors or board committees.

5.Providing a list of the previous board of directors and committees memberships of a joint-stock company.

6.Providing a list of the names of companies or institutions that the nominee participates in the management, ownership of, or businesses that carry out an activity that may compete with the Bank or may compete with any of its sub-activities.

7.Disclosing any existing businesses and contracts with the Bank or any interests the nominee has in them, directly or indirectly.

8.Attaching a copy of the National ID, Family Record, and passport.

9.Filling out the Independence Deceleration Form (attached).

10.Filling out the Fit and Proper form issued by the Saudi Central Bank and attach it to the nomination application. The form can be obtained through the Saudi Central Bank website www.sama.gov.sa.

11.Filling out the Resume form for the Board of Directors membership nominee issued by the Capital Market Authority (attached).

12.Providing any additional information or documents the Bank might request later.

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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