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Arab Sea Information System Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Arab Sea Information Systems Company announces to its shareholders the opening of nominations for membership of the company’s Board of Directors for the upcoming term, which will begin, God willing, on 17-09-2026 and end on 16-09-2029 (for a period of three years). Candidates will be elected at the General Assembly meeting, the date of which will be announced later, in accordance with the regulations stipulated in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the approved policies, standards and procedures for membership in the Board of Directors. |
| Type of Assembly | New Session |
| Term Start Date | 2026-09-17 |
| Term End Date | 2029-09-16 |
| Number of members | 6 |
| Nomination Start Date | 2026-07-01 Corresponding to 1448-01-16 |
| Nomination End Date | 2026-08-01 Corresponding to 1448-02-18 |
| Applications Submission Method | The application, along with its attachments and the aforementioned forms, should be sent to the following email address: ir@arabsea.com For any inquiries, please contact us at: Phone number: 0114964444 EXT 111 |
| Policy and criteria of nomination | Nominations 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 Board Membership Policy, Standards, and Procedures approved by the company's General Assembly of Shareholders (attached). Please submit the following: - A letter of application for candidacy to the Board of Directors of Bahr Al Arab Information Systems Company, addressed to the Nominations and Remuneration Committee (attached). - A signed copy of Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors (attached). - Form No. (1) Curriculum Vitae in both Arabic and English (attached). - A clear and valid copy of the national identity card, family card, and passport (for non-Saudis) or commercial registration for companies and institutions, in addition to the candidate's contact information. The Nominations and Remuneration Committee will review the submitted applications. Please note that voting at the General Assembly will be limited to those who have nominated themselves for Board membership in accordance with the regulations and standards outlined in the Board of Directors' membership policies, standards, and procedures. The Remuneration and Nominations Committee will exclude any nomination application that is incomplete and does not meet the requirements and conditions in accordance with the Board Membership Policy and Standards, without consulting or notifying the applicant. |
| 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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