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Advanced Building Industries Co. Board/Management Information 2021
53315_rns_2021-12-01_4e445809-49b4-4b56-af87-b589ea349581.html
Board/Management Information
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Zamil Industrial Investment Company Announces the Call for Nomination for the Board of Directors for a new term
2240 · 01/12/2021 15:31:00 · Announcement #65812 · View on Saudi Exchange
Zamil Industrial Investment Company Announces the Call for Nomination for the Board of Directors for a new term
| Element List | Explanation |
|---|---|
| Introduction | Zamil Industrial Investment Company (Zamil Industrial) is pleased to announce to all its shareholders the call for nominations to its Board of Directors for the next three-year term, which will commence on 1 May 2022 and end on 30 April 2025. All nominations shall be in accordance with prevailing guidelines stipulated in the Companies Act issued by the Ministry of Commerce, the “Corporate Governance Regulations” issued by the Capital Market Authority, and the approved company policy for nominations (attached). The elections will take place during an upcoming General Assembly meeting, which will be announced in due course. |
| Type of Assembly | New Session |
| Assembly Start Date | 2022-05-01 Corresponding to 1443-09-30 |
| Assembly End Date | 2025-04-30 Corresponding to 1446-11-02 |
| Number of members | 8 |
| Application Start Date | 2021-12-01 Corresponding to 1443-04-26 |
| Application End Date | 2022-01-02 Corresponding to 1443-05-29 |
| Applications Submission Method | Original nomination applications only are accepted and must be delivered by hand or mailed/couriered to the following address during the company’s official working hours (8:00 am – 6:00 pm) before the application end date: |
Zamil Industrial Investment Company
Attn./ Nomination & Remuneration Committee Secretary
Postal Address:
PO Box 14441, Dammam 31424, Saudi Arabia
National Address (Wasel):
Building No. 4416, Unit No. 2, Dammam 32234-7590, K.S.A
Candidates for Board membership can download the pertinent forms [in Word format] and policy from the company’s website through the following link: https://www.zamilindustrial.com/bnm/en/Application RequirementsNominees (applies to both genders) must meet the following criteria:
1) They must comply with all conditions in the (Board Membership Policies and Standards) approved by the company's general assembly (Attached).
2) They cannot be a public civil servant (unless representing a legal entity).
3) They must not have been indicted for any crime or felony.
4) They must not have been declared bankrupt.
5) They must not have violated any capital market or commercial regulations.
6) They must not be a member of more than five listed joint-stock companies.
7) They should have adequate professional experience and educational qualifications.
8) They must agree to allocate enough time to the board’s work.
9) They must not engage in any business or other activity that does or appears to conflict or compete with the interests of the company or any of its activities.
10) They are independent and do not have any conflict of interest.
Before the application end date, each nominee must submit to the company their CV which shall include the following information: personal details, qualifications, current occupation, previous experience, and any similar experience with Zamil Industrial or a relevant industrial sector.
A nominee who has been a board member of other listed joint-stock company must submit a list of the dates of board meetings held during their tenure. If the nominee has previously been a member of the Zamil Industrial board, then they are required to submit the following information issued by the company for their latest board term:
1) A list of the board meetings held during each year of their board term, including, for each year, the number and percentage of meetings that they attended.
2) For all committee memberships, the number of meetings held during each year, including, for each year, the number and percentage of meetings that they attended.
3) A summary of the financial statements for each fiscal year of their board term.
A nominee will also be required to submit the following:
1) The signed Nomination Application letter (Attached)
2) Updated CV including the candidate's personal details, qualifications, and professional experiences.
3) Clear copy of both the National ID and Family ID for Saudi applicants; or the Iqama (residency permit) or passport for non-Saudi applicants. A clear copy of the Commercial Registration is required in case the applicant is representing a legal entity.
4) A completed and signed CMA Form -3 [in both Arabic and English] (Attached), the form is also available on the CMA's website (https://bit.ly/3qWw8VC).
5) A completed and signed Form -1 [in both Arabic and English] (Attached).
6) Recent colored photo (with white background).
Please note that during the general assembly only nominees who have submitted completed applications as per the above regulations will be entered into the ballot for board membership.
For more details, you may communicate through: [email protected]
Or Tel.: 013-810-8148Candidate Conditions
Attached Documents
The Capital Market Authority and Saudi 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.