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Saudi Arabian Mining Company (Ma’aden) Announces Calling Candidature for Board Members Elections

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IntroductionSaudi Arabian Mining Company (Ma’aden) announces to the Shareholders the opening of nominations for membership of the Board of Directors for the upcoming three years term starting from 25 October 2020.

The nomination for the Board of Directors membership will be in accordance with the provisions of the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, provisions of the Company’s Articles of Association and the Company’s Nomination and Remuneration Committee charter approved by the General Assembly.

Candidates will be elected at the next General Assembly meeting, which will be announced later.

Type of AssemblyNew Session
Assembly Start Date2020-10-25 Corresponding to 1442-03-08
Assembly End Date2023-10-24 Corresponding to 1445-04-09
Number of members11
Application Start Date2020-08-13 Corresponding to 1441-12-23
Application End Date2020-09-12 Corresponding to 1442-01-24
Applications Submission MethodApplications of candidacy must be submitted before the end of nomination period, by submitting it during the official working hours of the Company to one of the following addresses:

Saudi Arabian Mining Company (Ma’aden)

Nomination and Remuneration Committee

(1) Company headquarter, Abu Baker Al Sideeq Road, AlMaseef District, Riyadh

(2) E-mail: MarketCompliance@maaden.com.sa

For inquiries, please contact the Governance and Market Compliance Department at the following numbers:

00966 11 874 8290

00966 11 874 8276

Application RequirementsThe candidate needs to fulfill the conditions for nomination for the Board of Directors membership in accordance with the relevant laws and regulations and as follows:

1- Fulfill of Board of Directors membership conditions as stated in the Nomination and Remuneration Committee charter approved by the General Assembly (attached)

2- Submit during the period specified above a signed letter to the Nomination and Remuneration Committee stating his\her wish to be nominated (attached), the letter is to be accompanied by his\her CV, qualifications and experience in the business of the Company.

3- Submit Form No. (1) CV (attached).

4- Submit the signed Form No. (3) issued by the CMA for Board membership nomination (attached), and which can be found on the CMA’s website (www.cma.org.sa).

5- Submit a statement containing details of the number and dates of memberships on the boards of directors of other joint stock companies and the committees that he\she have assumed or still a member of.

6- Submit a statement containing details of companies or institutions that the candidate manages or owns, and which conduct similar business to the Company

7- Attach clear photocopies of valid national ID card, family card (if applicable) and a passport (for non-Saudi) or commercial register for companies and institutions (if applicable), the contact numbers of the candidate and photo of the candidate.

8- All documents and certificates attached to the nomination request must be in Arabic, and certified by the official authorities, and the candidate must provide a certified Arabic translation of any documents written in a foreign language.

It is necessary for the candidate to be familiar with and to comply with the relevant laws and regulations including Capital Market Authority regulations and Nomination and Remuneration Committee charter. The candidates are responsible to comply with the above.

The Remuneration and Nomination Committee will review the nomination request submitted to it, according to paragraph (2) of Article (65) of the Corporate Governance Regulations.

Votes at the General Assembly may only be cast for candidates who have been nominated for the membership of the Board of Directors in accordance with the previous conditions and criteria.

Nomination forms and other requirements will be available on the Company’s website (www.maaden.com.sa)

Candidate Conditions
Attached Documents      

The Capital Market Authority and the Saudi Stock 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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