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AlSaif Stores for Development and Investment Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Al Saif Stores for Development and Investment Company announces the opening of nominations for membership in the company's Board of Directors for the next three-year term, commencing on September 22, 2025, and ending on September 21, 2028. Those wishing to nominate themselves for membership in the Board of Directors, who meet the membership requirements and criteria, should submit their nomination applications within the specified period and in accordance with the details contained in this announcement. Nominations will be made in accordance with the provisions of the Companies Law and its implementing regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority. The Board of Directors will be elected for the new term 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 | 2025-09-22 |
| Term End Date | 2028-09-21 |
| Number of members | 8 |
| Nomination Start Date | 2025-05-20 Corresponding to 1446-11-22 |
| Nomination End Date | 2025-06-19 Corresponding to 1446-12-23 |
| Applications Submission Method | Applications and their attachments should be sent via email to: investor.relations@alsaifgallery.com |
| Policy and criteria of nomination | Each shareholder has the right to nominate themselves or one or more persons, whether shareholders or non-shareholders, for membership of the Board of Directors, provided that the nominee meets the membership requirements stated in the relevant laws and regulations, as well as the criteria and conditions for board membership in accordance with the Board Membership Selection Criteria Policy (attached). The following requirements must be fulfilled: Submission of a nomination notice form expressing the nominee’s desire to run for membership of the Board of Directors in both Arabic and English. (attached) Submission of Form No. (1) and Form No. (3) issued by the Capital Market Authority in both Arabic and English. (attached) Attach all documents related to the nomination application for Board membership. |
| 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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