Introduction | Al-Hammadi Holding Company announces the opening of nominations for membership in the company’s Board of Directors for the upcoming term, which will commence on June 22, 2025, and last for four calendar years, ending on June 21, 2029. The nomination process for Board membership will be conducted in accordance with the provisions of the Companies Law and its executive regulations, the Corporate Governance Regulations issued by the Capital Market Authority, as well as the company’s Articles of Association.The elected members will be chosen during the General Assembly Meeting of shareholders, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities.Shareholders wishing to nominate themselves for Board membership and who meet the required conditions and criteria are invited to submit their applications within the specified period and in accordance with the details provided in this announcement. |
Type of Assembly | New Session |
Term Start Date | 2025-06-22 |
Term End Date | 2029-06-21 |
Number of members | 9 |
Nomination Start Date | 2025-01-15 Corresponding to 1446-07-15 |
Nomination End Date | 2025-02-15 Corresponding to 1446-08-16 |
Applications Submission Method | The nomination application and its attachments, as well as any inquiries, should be submitted via the following email address: Board@alhammadi.com |
Policy and criteria of nomination | Each shareholder has the right to nominate themselves or one or more other individuals for membership on the Board of Directors. The candidate must meet all the nomination conditions for the Board of Directors’ membership as stipulated in the Policies, Standards and procedures for Board Membership (attached), and must complete the following requirements within the time frame specified in this announcement and in accordance with Al Hammadi Holding’s Policies, Standards and procedures for Board Membership, as well as applicable laws and regulations:1- Candidates who wish to nominate themselves for the Board of Directors’ membership must disclose their intention to nominate, by submitting a notice to Al Hammadi Holding’s management. This notice must include the profile of the candidate in both Arabic and English, detailing their resume, qualifications, and professional experience. (attached)2- The candidate must disclose any conflicts of interest, including having a direct or indirect interest in the business and contracts executed for Al Hammadi Holding’s account, or participating in any activity that competes with Al Hammadi Holding Co. or competes in one of the fields of activity that Al Hammadi Holding engages in.3- The candidate must submit a signed copy of Form No. (1) – the resume, issued by the Capital Market Authority after filling it out electronically in both Arabic and English. (Attached)4- The candidate must submit a signed copy of the (Resume Form) issued by the Capital Market Authority completed electronically in both Arabic and English (Attached). This form can be obtained from the Capital Market Authority’s website at the following link: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx5- Candidates who have previously served on the Board of Directors of any joint-stock company must attach a statement detailing the number and dates of the Board memberships they have held.6- Candidates who have previously served on Al Hammadi Holding’s Board of Directors must attach a statement (attached) from the management regarding the last term they served, including the number of Board meetings held each year of the term, the number of meetings attended by the member in person and their attendance percentage relative to the total number of meetings, and the permanent committees the member participated in, the number of meetings held by each committee each year of that term, the number of meetings attended by the member, and their attendance percentage relative to the total number of meetings.7- The candidate must submit a copy of his/ her national ID card, family card –if any-, passport’s copy for non-Saudi candidates, and any other relevant documents required by Alhammadi Holding Co. to fulfil regulatory requirements. |
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |
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Attached Documents |
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