1. Submit the request to the company, and include the nominee’s resume, qualifications, and experience along with the supporting documents. 2. It is a requirement for any nominee that has held the position of Board Member in any joint stock company to provide the following information: A. The number of Board of Directors meetings that took place during all the years of the term and the number of meetings that the nominee member attended and the percentage of attendance. B. The Board Committees that the nominee participated in as a formal Committee member, and the number of meetings held for each of these committees during each year of the term. C. A brief about the financial results that the company achieved during the nominees Board term. 3. A list of all the joint stock companies that the nominee is still a Board Member of. 4. A list of the companies or establishments that the nominee manages or owns, and wherever the nominee is engaged in business which related to the Company's business. 5. Completing the Fit and Proper form issued by the Insurance Authority: Insurance Authority | Apply for a License (ia.gov.sa) 6. Completing Form (3) issued by the Capital Market Authority which can be found on CMA’s website: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx 7. The nominee shall not be a member of the Board of Directors of any other insurance and/or reinsurance Company. 8.The nominee shall not hold membership in more than five boards of public companies at one time. 9. It is not allowed, except after written approval, for a person who had held similar position in a liquidated Company to nominate himself. 10. To be attached with the application, a clear copy of the national ID for individuals, commercial registration for companies and establishments and the phone numbers of the nominees. |