Mutakamela Insurance Co. announces the opening of the nomination period for the board of director’s membership
| Element List | Explanation |
|---|---|
| Introduction | Mutakamela Insurance Company is pleased to announce to its esteemed shareholders the opening of the nomination period for membership of the Board of Directors for the upcoming term of three (3) years, starting from August 7, 2025 and ending on August 7, 2028, for those who meet the requirements and qualifications for board membership as stipulated in the Company's Policy and Procedure for Nomination and Appointment of Board Members and Board Committees (attached), and in accordance with the relevant rules, regulations, and circulars, including:
The Corporate Governance Regulations issued by the Capital Market Authority (CMA), The Governance Regulations for Insurance Companies, The Fit and Proper Requirements for Key Positions in Financial Institutions under the supervision of the Insurance Authority, As well as all other applicable regulations. |
| Type of Assembly | New Session |
| Term Start Date | 2025-08-07 |
| Term End Date | 2028-08-07 |
| Number of members | 9 |
| Nomination Start Date | 2025-05-04 Corresponding to 1446-11-06 |
| Nomination End Date | 2025-06-04 Corresponding to 1446-12-08 |
| Applications Submission Method | Please submit the nomination request along with the required documents by mail to the following address:
Mutakamela Insurance Company Attn: Nominations and Remuneration Committee Makkah Al Mukarramah Branch Road, Al Zahraa District, Riyadh 12811 P.O. Box 3540, Postal Code 11481 Or via email: invest@muatkamela.sa |
| Policy and criteria of nomination | The application must be submitted to the Company in English and must include a biography of the nominee, including qualifications and experience, with copies of relevant degrees and certifications.
Candidates who previously held board membership in any joint stock company must disclose the following: Number of board meetings held during each year of the term and the number attended in person, along with the attendance percentage. Permanent committees the nominee served on and the number of meetings held by each committee annually. A summary of the financial results achieved by the company during the term. A list of public joint stock companies where the nominee currently serves as a board member. Details of any companies or establishments managed or owned by the nominee that engage in similar or related business to the Company. Fill out the Fit and Proper Questionnaire issued by the Insurance Authority (available on the Authority’s website). Complete Form No. (3) Issued by the Capital Market Authority (available on the CMA’s website). The nominee must not be a board member in any other insurance and/or reinsurance company. The nominee must not hold board membership in more than five (5) joint stock companies at the same time. A nominee who has held the same position in a liquidated company or has been removed from the same position in another company may only apply with prior written approval. The application must include a clear copy of the national ID (for individuals) or commercial registration (for companies/institutions), as well as the nominee’s contact details. Submit the official CV template approved by the Authority for candidates for board membership in publicly listed companies |
| 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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