Almunajem Foods Company is pleased to announce the opening of nominations for membership of the Board of Directors for the upcoming term, which will commence on Feb 15, 2025, for 4 years and conclude on Feb 14, 2029. Nominations for membership of the Board of Directors shall be in accordance with the provisions of the Companies Law and implementing regulation, and the Corporate Governance Regulations issued by the Capital Market Authority (CMA), In addition to the Company’s Bylaw and the Policy, Standards and Procedures for Board Membership approved by the General Assembly (attached).
For individuals who interested to nominate themselves for membership of the Board of Directors, and who meet the conditions and qualifications of membership are invited to submit their application in accordance with the details mentioned in this announcement.
The nominated members will be elected at the upcoming General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities.
Type of Assembly
New Session
Term Start Date
2025-02-15
Term End Date
2029-02-14
Number of members
6
Nomination Start Date
2024-10-01 Corresponding to 1446-03-28
Nomination End Date
2024-10-31 Corresponding to 1446-04-28
Applications Submission Method
The nomination application and its attachments, and any inquiries should be submitted to the following email address:
IR@almunajemfoods.com
Policy and criteria of nomination
Each shareholder has the right to nominate themselves or another shareholder or more for membership on the Board of Directors, provided that the nominee meets the membership requirements outlined in the relevant regulations and guidelines, as well as the conditions and criteria for membership according to the Board Membership Policy (attached), along with completing the following requirements:
- Submit the notification form indicating the nominee's intent to nominate themselves for membership on the Board of Directors in Arabic and English. (attached)
- Submit Form No. (1) and Form No. (3) issued by the Capital Market Authority in Arabic and English. (attached)
-Attach all documents related to the nomination application for membership on 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.