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National Industrialization Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | National Industrialization Company (TASNEE) is pleased to announce the opening of the nomination for membership of the Board of Directors for the next Four-year term starting on 06/07/2025 and ending on 05/07/2029, upon that candidates who wish to nominate themselves for the membership of the Board of Directors and who meet the relevant conditions and standards must submit their nomination applications within the specified period and in accordance with the details contained in this announcement. Nomination will be in accordance with the provisions of the Companies Law issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Company’s Articles of Association, and the Board Membership Policy approved by the Company’s General Assembly.
The candidate must fulfill the conditions of membership stated in the relevant regulations, the Board Membership Policy approved by the general assembly (attached), and complete the following requirements:
1. Submit a signed letter to the Company indicating the candidate's desire of his nomination during the one-month nomination period, along with the candidate's resume, qualifications, and experience in the Company's business, in accordance with the relevant regulatory forms and requirements. 2. Submit a statement including the names of the joint-stock companies in which the candidate is a member of their boards of directors and committees. 3. Submit a statement of the companies or entities in which the candidate participates in their management or ownership which carry out and engages in activities similar to the company's business. 4. Submit Form No. (1) in Arabic and English, relating to the CV (attached). 5. Submit a signed copy of Form No. (3) in Arabic and English which issued by the Capital Market Authority for candidacy of membership in the Board of Directors (attached).
6. Attach a clear and valid copy of the national identity card for individuals, as well as the family ID (for married persons), a copy of the passport for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities.
Candidates will be elected to the Board of Directors during the General Assembly meeting which will be announced later after obtaining the necessary approvals from the competent authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2025-07-06 |
| Term End Date | 2029-07-05 |
| Number of members | 10 |
| Nomination Start Date | 2025-01-09 Corresponding to 1446-07-09 |
| Nomination End Date | 2025-02-10 Corresponding to 1446-08-11 |
| Applications Submission Method | Application of nominee must be submitted during the official working hours of the Company, from 8:00 am to 4:00 pm, before the closing date of the nomination period, through the following: 1. To be sent to the following e-mail address (m.asim@tasnee.com) “Attention of the Secretary of the Nomination and Remuneration Committee”. 2. Handling at the company's headquarters "National Industrialization Company – Headquarters – The Business Gate – Building No. C3 – Eastern Ring Road – Qurtubah Area – Kingdom of Saudi Arabia" P.O Box 26707, Riyadh 11496 |
| Policy and criteria of nomination | Attached |
| 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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