Meyar Co. announces the opening of the nomination period for the board of director’s membership for the next session.
| Element List | Explanation |
|---|---|
| Introduction | Meyar Company announces the opening of nominations for membership in the Board of Directors for the next session, which begins on November 6, 2024 and ends on November 5, 2028 (for a period of four years). Those wishing to run for membership in the Board of Directors, who meet the conditions and criteria for membership, must submit their nomination applications within the specified period, and in accordance with the details contained in this announcement.
Nominations for membership in the Board of Directors will be in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the policies, standards and procedures for membership in the Board of Directors approved by the General Assembly. The nominated members will be elected at the next General Assembly meeting, which will be announced later after obtaining the necessary approvals from the competent authorities. It is worth noting that the term of the current Board of Directors and its committees will end on 11/06/2024 AD, and in accordance with Paragraph (1) of Article (69) of the Companies Law and Paragraph (e) of Article (6) of the Executive Regulations of the Companies Law for Listed Joint Stock Companies, the Board of Directors and its committees will continue to perform their duties for a period of (90) days until the election of a Board of Directors for the next term, which will take place during this period. |
| Type of Assembly | New Session |
| Term Start Date | 2024-11-06 |
| Term End Date | 2028-11-05 |
| Number of members | 5 |
| Nomination Start Date | 2024-09-16 Corresponding to 1446-03-13 |
| Nomination End Date | 2024-10-16 Corresponding to 1446-04-13 |
| Applications Submission Method | The originals of the nomination applications, their attachments and the forms referred to shall be sent to the attention of the (Nominations and Remuneration Committee) before the end of the nomination period specified in the announcement and during official working hours (from 8 am to 4 pm) by any of the following methods:
1- Handover to the Secretariat of the Board of Directors at the company’s headquarters - General Administration Building: Al Majma’ah - King Abdullah District - Sheikh Abdulaziz bin Abdul Mohsen Al Tuwaijri Street - Building No. 4084 - Postal Code 15365 - Extension No. 6699. 2- Via email: candidates@meyar.sa For inquiries: Contact 0553559059 |
| Policy and criteria of nomination | Nominations will be in accordance with the provisions regulating membership of the Board of Directors stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the company's articles of association and the policy, standards and procedures for membership of the Board of Directors approved by the General Assembly (attached), and completing the following requirements:
1- Submit a letter stating his desire to run for membership of the Board of Directors according to the attached form. 2- Submit Form No. (1) for the CV. (attached) 3- Submit a signed copy of Form No. (3) issued by the Capital Market Authority for candidacy for membership of the Board of Directors. (attached) 4- Attach a clear copy of the national identity card and passport for non-Saudis. The Remuneration and Nominations Committee will study the applications of the candidates received by it. |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |  |
| Attached Documents | |
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