Gas Arabian Services Co. announces the opening of nominations for membership of its next Board of Directors session.
| Element List | Explanation |
|---|---|
| Introduction | Gas Arabian Services Co. is pleased to announce to its shareholders, the opening of the nomination process for the Board of Directors membership for the new term for four Georgian years. Taking into consideration that the nomination for membership of the Board of Directors will be in accordance with the provisions of the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority and related Implementing Regulations, as well as the company’s Board of Directors Membership Policies, Standards and Procedures (attached).
The selection of the nominated members for the Board of Directors new term will take place at the general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2025-01-01 |
| Term End Date | 2028-12-31 |
| Number of members | 6 |
| Nomination Start Date | 2024-10-02 Corresponding to 1446-03-29 |
| Nomination End Date | 2024-11-03 Corresponding to 1446-05-01 |
| Applications Submission Method | Nomination applications, their attachments and the forms attached to the announcement must be sent before the end of the nomination period stated in the announcement via e-mail:
IR@gasarabian.com
For any inquiry, please contact Investor Relations at: P: +966 138351500 Ext:808 Mobile number: +966503877818. |
| Policy and criteria of nomination | The candidate must fulfill all the conditions of nomination for the Board of Directors membership in accordance with the relevant laws and regulations, and Board of Directors Membership Policies, Standards and Procedures approved by the General Assembly (attached).
The Nominee shall submit the following requirements during the specified announcement period:
1) Submit a request stating his intention to nominate himself to Company’s Board of Directors membership, including his contact information. 2) Submit form No. (1) CV issued by the CMA (Attached) in both Arabic and English language with full data required; (the form should be sent in (Word) and (PDF) format). 3) Submit a signed form No. (3) issued by the CMA (Attached) with full data required, (the form should be sent in (Word) and (PDF) format), This form can be obtained from the CMA website at the following link: https://cma.org.sa/RulesRegulations/FormsSite/Documents/Form3.doc 4) Attach a clear and valid copy of the national ID card/passport for non-Saudis, family card-if any-, and any other relevant documents required by the company. |
| 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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