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Edarat Communication and Information Technology Co. (EDARAT) announces the opening of the nomination period for the board of directors' membership for the next term.
| Element List | Explanation |
|---|---|
| Introduction | Edarat Communication and Information Technology Co. (EDARAT) announces the opening of nominations for membership in the Company's Board of Directors for the next term, which is three calendar years, starting on 10/8/2026 G corresponding to 27/2/1448 H and ending on 9/8/2029 G corresponding to 28/3/1451 H. The Company invites shareholders and individuals wishing to nominate themselves for membership of the Board of Directors, who meet the conditions, qualifications, and criteria stipulated in the Board Membership Standards Policy approved by the General Assembly on 14/6/2026 G corresponding to 28/12/1447 H, and in accordance with the relevant regulations, rules, and instructions, including the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, to submit their candidacy applications to the Company. The members of the Board of Directors will be elected from among the candidates who meet the requirements at the Company's Extraordinary General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the competent authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2026-08-10 |
| Term End Date | 2029-08-09 |
| Number of members | 5 |
| Nomination Start Date | 2026-06-16 Corresponding to 1448-01-01 |
| Nomination End Date | 2026-07-16 Corresponding to 1448-02-02 |
| Applications Submission Method | Those wishing to nominate themselves for membership on the Board of Directors and who meet the membership requirements and criteria should submit a signed nomination notice to the Company, accompanied by the required forms and attachments (CMA Form No. 1 — Resume, and CMA Form No. 3 — Declaration, both completed in Arabic and English), to the following address: Company Attention: Board of Directors — Nomination Email: boardnomination@edaratgroup.com |
| Policy and criteria of nomination | The nomination process will be conducted in accordance with the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company's Bylaws, and the Board Membership Standards Policy approved by the General Assembly on 14/6/2026 G corresponding to 28/12/1447 H (attached). Candidates wishing to apply for Board membership must submit their nomination notice along with the following: 1. Candidate's resume, including academic qualifications, professional experience, contact details (phone number and email), and a copy of the National ID and Family Register. 2. A list of companies in which the candidate has previously served as a Board member, including the membership period (start and end dates) and the legal form of each company. 3. A list of companies in which the candidate currently holds Board membership, including the start date of membership and the legal form of each company. A candidate may not hold Board membership in more than five (5) publicly listed companies at the same time. 4. A list of companies or institutions in which the candidate has a managerial or ownership interest. 5. Disclosure of any conflict of interest, including any direct or indirect interest in transactions or contracts conducted with the Company, and any engagement in activities competing with or that may conflict with the Company's business. 6. Completion and signing of CMA Form No. (1) — Resume — and CMA Form No. (3) — Declaration, both in Arabic and English. (Attached) Voting in the General Assembly for the new Board term will be limited to candidates who meet the eligibility conditions, requirements, and criteria stipulated in the Board Membership Standards Policy and outlined in this announcement. For inquiries, please contact the Investor Relations Department during official working hours at: Phone: +966581822902 Email: IR@edaratgroup.com |
| 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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