AnnouncementDetails

Actions

SABIC Agri-Nutrients Company announces the opening of nomination for membership of the vacant Board of Director’s seat in the current term

Element ListExplanation
IntroductionSABIC Agri-Nutrients Company is pleased to announce to the Shareholders that it opens the nomination for Board Membership in the current term, which was started on 29-03-2020G and will end on 28-03-2023G, for the vacant seat created after the last amendment to the company’s bylaw and approved by the EGM on 18-11-2020G, which included approval to amend article (17) of the company’s bylaw regarding to the company management to become the number of board members (8).

the results of the EGM were published on 19/11/2020G, The nomination for the Board Membership for the coming period, will be in accordance with the provisions of the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board Membership Policy approved by the Ordinary General Assembly (attached). Provided that this appointment is effective from the date of approval of the Ordinary General Assembly, and ends at the end of the current term of the Board on 28-03-2023G,

Who wish to nominate for membership in the board must submit an application for nomination to the Remuneration and Nominations Committee at the addresses below no later than Sunday 07-02-2021G, The nominated member will also be elected during the next General Assembly meeting, which will be announced later

Type of AssemblySupplementary Session
Assembly Start Date2020-03-29 Corresponding to 1441-08-05
Assembly End Date2023-03-28 Corresponding to 1444-09-06
Number of members1
Application Start Date2021-01-06 Corresponding to 1442-05-22
Application End Date2021-02-07 Corresponding to 1442-06-25
Applications Submission MethodApplication of candidate must be submitted during the official working hours of the Company, from 7:30 am to 3:30 pm, and before the Application End Date, by sending it to one of the following addresses:

SABIC Agri-Nutrients Co.

Remuneration and Nomination Committee

1. Post Address:

P.O. Box 11044

Jubail Industrial City 31961

Kingdom of Saudi Arabia

2. E-mail:

InvestorRelations@safco.sabic.com

Please clarify the e-mail address "Membership application in the Board of Directors of SABIC Agri-Nutrients Company"

Application RequirementsAccording to the provisions governing Board membership and stipulated in the Companies Regulations and the Corporate Governance Regulations, the conditions and procedures of the Board Membership nomination are as follows:

Firstly: Requirement for Board Membership:

• Fulfillment of Board Membership Standard as stated in the Board Membership Policy and approved by the Ordinary General Assembly. (Attached).

• The nominee shall not be a member of more than five listed joint-stock companies at the same time.

Secondly: Nomination Procedures

Submitting nomination request within the timeframe mentioned in the announcement to the Remuneration and Nomination Committee. In addition to attach the following documents to the nomination request:

• Complete and sign the Company Form. (Attached).

• Complete Form No. (1) CV. (Attached).

• Complete and sign Form No. (3) issued by the CMA for Board Membership nomination. (Attached)

• Biography of the candidate, including information about the candidate's career, the current job, the qualifications and experience in the company's business.

• Statement including the numbers and dates of memberships on the boards of directors of the joint stock companies and the committees that have assumed or still being a member.

• Statement including companies or institutions that the candidate manage or own and carry out similar work to the company.

• If the candidate has already served on the Board of Directors of SABIC Agri-Nutrients ( SAFCO before), the candidate must attach a statement from the Company's management regarding the last term of membership and includes the following information:

1. The number of meetings of the Board of Directors that took place during each year of the term, the number of meetings attended by the candidate and the proportion of attendance of the total meetings.

2. Standing Committees which candidate have assumed role on. The number of meetings attended by the candidate, the number of meetings held by each of these committees during each year of the term, the number of meetings attended by the candidate and the proportion of attendance of the total meetings.

• A clear picture of the national identity (Iqama or passport for foreigners), including the candidate's contact numbers.

• All documents and certificates attached to the nomination request must be in Arabic, and certified by the official authorities.

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 issued by the Capital Market Authority. The Article stated that it is the Committee responsibility to recommend to the Board of Directors the nomination and re-nomination of members in accordance with the approved policies and standards, taking into account that no person has already been convicted of a crime or misconduct

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
104.0 4.7 (+4.74%)
Value Traded (SAR) Volume Traded
63,804,392.1 625,287

RelatedAnnouncementPortlet

Actions

Related Announcements