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Nofoth Food Products Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Nofoth Food Products Company announces he opening of nomination for the Board of Directors Membership for the next four-year term of the Board of Directors, which begins on 22 Nov 2024 and ends on 30 Jun 2028. Those who are willing to nominate themselves for the Board of Directors Membership, who meet the membership conditions and standards, must submit their nomination applications within the specified period and in accordance with the details contained in this announcement. The nomination for the Board of Directors Membership will be in accordance with the provisions of the Companies Law, its Executive Regulations, and the Corporate Governance Regulations and the Regulations on Board Membership Standards and Procedures approved by the Company's shareholders General Assembly. The Board of Directors for the new term will be elected at the next General Assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2024-11-22 |
| Term End Date | 2028-06-30 |
| Number of members | 5 |
| Nomination Start Date | 2024-07-25 Corresponding to 1446-01-19 |
| Nomination End Date | 2024-08-24 Corresponding to 1446-02-20 |
| Applications Submission Method | The candidacy applications and their attachments should be delivered by email : GS@NOFOTH.SA |
| Policy and criteria of nomination | The nomination will be in accordance with the provisions governing membership of the Board of Directors stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and the Nomination and Remuneration of Nofoth Board members and the members of its standing Committees and Remuneration of Management Policy approved by the General Assembly (attached). The Nominee shall submit the following requirements during the specified announcement period: 1- Provide a letter indicating the Nominee interest in being a Board member. The letter should include the curriculum vitae, qualifications, and experience in the company’s activates according to relevant forms and requirements. 2- Providing a statement including the name of the joint-stock companies in which the Nominee participates in the membership of their Board of Directors. 3- Providing a statement including the names of the companies/institutions which practice similar activates and the Nominee participates in their ownership or management. 4- Submit a signed copy of form issued by the Capital Markets Authority for Board membership candidacy (Attached). 5- Submit a signed copy of form No. (1) Curriculum vitae in Arabic and English (Attached). 6- A clear and valid copy of the national ID card, family card- if any-, passport Travel for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities. 7- Review relevant rules and regulations, including the Nomination and Remuneration of Nofoth Food Products Co Board members and the members of its standing Committees and Remuneration of Management Policy, and the Nominee is responsible to ensure compliance with the policy |
| 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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