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Banque Saudi Fransi (BSF) Announces the Opening of the Nomination period for the Board of Directors’ Membership for the Upcoming Term
| Element List | Explanation |
|---|---|
| Introduction | Banque Saudi Fransi (BSF) announces the opening of nomination for the Board of Directors’ membership for the next three-year term which starts on 01/01/2025 and ends on 31/12/2027. The individuals who wish to nominate themselves for the Board of Directors’ membership, and who meet the conditions and qualifications required for the membership are invited to submit their nomination application in accordance with the details mentioned in this announcement. |
| Type of Assembly | New Session |
| Term Start Date | 2025-01-01 |
| Term End Date | 2027-12-31 |
| Number of members | 10 |
| Nomination Start Date | 2024-07-01 Corresponding to 1445-12-25 |
| Nomination End Date | 2024-08-04 Corresponding to 1446-01-29 |
| Applications Submission Method | Applications and related attachments must be sent to Banque Saudi Fransi (BSF) P.O Box 56006 - Riyadh 11554 - attention: Corporate Secretary, or by e-mail (SEG@bsf.sa). For any inquiries or further information, please contact the Board Secretariat telephone number: (0112891136) during bank working hours (from 8:30 am to 5:30 pm). |
| Policy and criteria of nomination | Each shareholder has the right to nominate himself/herself or another person or more for membership of the Board of Directors given that he/she fulfils the conditions and qualifications for membership as stipulated in the Board Nomination, Membership, Assessment and Succession Policy (attached). Application requirements: 1. A written application signed by the candidate stating his desire to apply for the Board membership according to the attached form & its annexures. 2. Brief about the nominee listing his curriculum vitae, qualifications and experience in the banking industry (if any). 3. Attach a copy of the Passport and National Identity and Family Registry for Saudis, or a copy of the Passport and Residence Identity and Family Registry for non-Saudis. 4. Fill out the Fit and Proper form issued by the Saudi Central Bank and attach it to the nomination application in both Word and PDF format, in addition to sending the original by mail. The form can be downloaded through the Saudi Central Bank website: https://www.sama.gov.sa/ar-sa/BankingControl/Pages/Forms.aspx 5. Fill out CMA’s Form (3) CV of the candidate for the Board membership of a joint stock company listed on the Saudi Stock Exchange (Tadawul) and attach it to the application in both Word and PDF format, in addition to sending the original by mail. The form can be downloaded through the Capital Market Authority website: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx 6. Any other additional information or documents that the bank or the regulators may require 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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