Ash-Sharqiyah Development Co. — Board/Management Information 2020

Mar 1, 2020

Asharqiyah Development Company announces the opening of the candidacy for membership of the Board of Directors for the next session

6060 · 01/03/2020 15:51:09 · Announcement #57699 · View on Saudi Exchange

Asharqiyah Development Company announces the opening of the candidacy for membership of the Board of Directors for the next session

Element List	Explanation
Introduction	Asharqiyah Development Company is pleased to announce to thier shareholders that it will open the candidacy for new membership in the company’s board of directors for the period extending from the date of 20-07-2020 and for a period of three years ending on 19-07-2023 AD, according to the controls mentioned in the corporate system issued by the Ministry of Trade and Investment and the corporate governance regulations Issued by the Capital Market Authority in addition to the policies and standards for membership procedures in the Board of Directors (attached). They will elected as members of board during the next ordinary general assembly meeting, whose date will be announced later
Type of Assembly	New Session
Assembly Start Date	2020-07-20 Corresponding to 1441-11-29
Assembly End Date	2023-07-19 Corresponding to 1445-01-01
Number of members	5
Application Start Date	2020-03-02 Corresponding to 1441-07-07
Application End Date	2020-04-05 Corresponding to 1441-08-12
Applications Submission Method	How to receive nomination requests

sending the nomination applications to the Nomination and Remuneration Committee by email:

ibrahim@asharqiyah.com.sa

Or handling during official working hours from eight AM until four PM at the following address:

Dammam - Al-Nakhil District - King Khalid Street - Clock Tower Building PO Box 7118 Dammam 31462

to the Secretary of the Board of Directors

National address (wasel):

2592 King Khalid Street

Unit No. 8

Dammam 32244-7849

Or send by registered mail to the following address:

P.O. 7118 Dammam 31462

Attention of the Secretary of the Board of Directors

For more information, please call 0138099439 ext. 44Application RequirementsHave a leadership personality: That he has leadership skills that qualify him to grant powers, leading to improved performance and application of best practices in the field of effective management and adherence to professional values and ethics.

Efficiency: This is provided with the scientific qualifications, appropriate professional and personal skills, the level of training, and scientific experiences related to the current and future activities of the company, administration, economics, accounting, law or governance, as well as the desire to learn and train.

The ability to guide: by having the technical, leadership, and administrative capabilities, and the speed in decision-making, and accommodating the technical requirements related to the workflow, and being able to provide strategic direction, planning and a clear future vision.

Financial knowledge: By being able to read and understand the financial statements and reports.

Health fitnises : which he does not have a health barrier that hinders him from exercising his duties and powers.

The General Assembly shall take into consideration when electing the members of the Board of Directors the recommendation of the Remuneration and Nominations Committee and the availability of personal and professional ingredients necessary to perform their duties effectively in accordance with what is stated in this articleCandidate ConditionsAttached 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.