Ataa Educational Co. — Board/Management Information 2024

Oct 3, 2024

Ataa Educational Company Announces the Nomination Opening to the Board of Directors' Membership for the New Term

4292 · 03/10/2024 08:19:50 · Announcement #82771 · View on Saudi Exchange

Ataa Educational Company Announces the Nomination Opening to the Board of Directors' Membership for the New Term

Element List	Explanation
Introduction	Ataa Educational Company (the Company) announces the opening of the nomination for its Board of Directors' membership for the upcoming term starting on 23/12/2024 for a period of three years ending on 22/12/2027.

The nomination procedures shall be in accordance with the provisions of the Companies Law and its Implemented Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Company’s Bylaws, and the Policies and Standards for Membership in the Board of Directors attached herein.

Members will be elected at the Next General Assembly Meeting held on a date to be determined and announced later

It is worth noting that the term of the current Board of Directors and its committees will end on 07/11/2024 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 AssemblyNew SessionTerm Start Date2024-12-23Term End Date2027-12-22Number of members9Nomination Start Date2024-10-03 Corresponding to 1446-03-30Nomination End Date2024-11-03 Corresponding to 1446-05-01Applications Submission MethodApplications of candidacy must be submitted before the end of nomination period, by submitting a hard copy to the company’s headquarters (Riyadh 12486, Al-Izdihar Dist, Al-Abbas Ibn Abdulmutalib St, Building No 3987) and obtain a submission confirmation from the company.

Or via email: IR@ataa.sa

For inquiries, please contact the Investors Relations Department at the following number: 00966114563121 or at the E-mail address: IR@ataa.saPolicy and criteria of nominationNominee must fulfill the conditions of nomination to the Board of Directors in accordance with the relevant laws and regulations. The nominee must follow the following:

- Submit during the period specified above a signed letter to the Nomination and Remuneration Committee stating his\her wish to be nominated. The letter is to be accompanied by his\her CV, qualifications and experience related to the business of the Company.

- Submit Form No. (1) of the CV in Arabic and English (attached).

- Submit filled copy of Form No. (3) issued by CMA (attached), also a copy could be downloaded from CMA website through:

https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx

Incomplete forms, applications and documents will not be considered.

The voting at the General Assembly will be limited to those who nominated themselves for the membership to the Board of Directors in accordance with the conditions and criteria stated in the Policies and Standards of the Board of Directors’ Membership and procedures detailed in this announcement.Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi ExchangeAttached 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.