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Alhasoob Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Alhasoob Co. announces the opening of nominations for membership of the Board of Directors for the upcoming term, which will commence on 22/7/2025 for three years and conclude on 21/7/2028 AD. Shareholders who wish to nominate themselves for membership of the Board of Directors, and who meet the qualifications and criteria for membership, are required to submit their nomination applications within the specified period and in accordance with the details provided in this announcement. Nominations for membership of the Board of Directors shall be in accordance with the provisions of the Companies Law issued by Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority (CMA), in addition to the Company’s Articles of Association and Standard Policy for Board of Directors Membership (attached). The nominated members will be elected at the General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2025-07-22 |
| Term End Date | 2028-07-21 |
| Number of members | 4 |
| Nomination Start Date | 2025-04-06 Corresponding to 1446-10-08 |
| Nomination End Date | 2025-05-06 Corresponding to 1446-11-08 |
| Applications Submission Method | The originals of the nomination applications, their attachments, and the Capital Market Authority forms referred to before the end of the nomination period specified in the announcement shall be sent to the attention of the Secretary of the Board of Directors via Email: moh@alhasoob.com Or send it to the address indicated below: Riyadh, Al-Olaya Street, Al-Namlah Building, Office No. 11, Kingdom of Saudi Arabia |
| Policy and criteria of nomination | The nomination will be in accordance with the provisions governing membership of the Board of Directors stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and the Standard Policy for Board of Directors Membership (attached). The Nominee shall submit the following requirements during the specified announcement period: 1. Meeting the general requirements for membership in the Board of Directors and the nomination requirements outlined in the Standard Policy for Board of Directors Membership. (Attached) 2. Filling out the application form for candidacy to the Board of Directors within the period specified in the announcement, along with all the required documents. (Attached) 3. Submitting a signed copy of the CV Form No. (3) for a candidate for membership in the Board of Directors of a Joint Stock Company issued by the Capital Market Authority. (Attached). 4. Submitting the CV Form No. (1) (Attached). 5. Providing a statement of previous memberships in boards and committees in listed or unlisted companies, or any other company, regardless of its legal form. 6. A statement in which the candidate discloses any direct or indirect interest in the business and contracts carried out on behalf of the company. 7. Submitting A statement that includes the names of companies or institutions that participate in managing or owning and that carry out activities similar to the company’s activities (If any). 8. 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. |
| 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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