Baazeem Trading Co. — Board/Management Information 2021

Nov 11, 2021

Baazeem Trading Co. Announces Calling Candidature for Board Members Elections

4051 · 11/11/2021 15:59:48 · Announcement #65627 · View on Saudi Exchange

Baazeem Trading Co. Announces Calling Candidature for Board Members Elections

Element List	Explanation
Introduction	((Baazeem Trading Co.)) is pleased to announce the opening of the nomination for Board members for the next term, which will start as of January 26, 2022, and for a period of three years.

The nominated members will be elected at the next general assembly meeting, which will be announced later after securing the necessary approvals from the respective authorities.Type of AssemblyNew SessionAssembly Start Date2022-01-26 Corresponding to 1443-06-23Assembly End Date2025-01-25 Corresponding to 1446-07-25Number of members5Application Start Date2021-11-12 Corresponding to 1443-04-07Application End Date2021-12-12 Corresponding to 1443-05-08Applications Submission MethodThose who intend to nominate themselves for membership of the Board of Directors, should send originals of the nomination applications, their attachments and the indicated forms to the attention of the Nomination and Remuneration Committee before the end of the nomination period shown in the announcement and during official working hours (from7:30-- am to 4:30 pm).

To the e-mail:

bodirectres@baazeem.com

In addition, they need to send the originals to the Company's headquarters.

Note that the Company's address is:

Riyadh 11451, PO Box 2156 / District: Almorabaa /King Faysal Street/ Albayt Building / Behind Arab Bank Head officeApplication RequirementsThe candidate needs to fulfill the conditions for nomination for the Board of Directors membership in accordance with the relevant laws and regulations and should have the necessary experience, knowledge, skill and independence to enable him or her to exercise his/her duties efficiently and competently, as follows:

1) The candidate for membership of the Board of Directors shall be of good conduct and reputation.

2) The candidate shall not have previously been convicted of a crime against honor or honesty.

3) The candidate shall not have been previously declared bankrupt.

4) The candidate shall not have previously been convicted of fraud, violating corporate regulations or money laundering.

5) The candidate shall not have been previously judged ineligible to occupy the position of a member of the board of directors of a company or to act for managing or facilitating the management of any company.

6) The candidate shall not be a government employee except for those appointed by the state sectors.

7) It is preferable that the candidate for membership of the Board of Directors has occupied or continues to occupy a leadership position in which he has practiced developing strategies and making decisions.

Nomination requirements:

- Submitting a written application from the candidate to the company’s management of his desire to run within the specified announcement period.

- Submitting CV, academic qualifications and previous and current work experience.( attached )

- Filling out, signing and attaching Form No. 3.( attached )

- Clarifying the membership status (executive - non-executive - independent)

- Clarifying the nature of membership (in his personal capacity - or a representative of a legal person)

- Disclosing to the Board of Directors and the Company’s General Assembly of any cases of conflict of interest in accordance with the procedures established by the Capital Market Authority,

- Attaching with the nomination application a clear photocopy of the national ID card for individuals, the family register or the commercial registration of companies and establishments, and the candidate's contact numbers.

- The relevant rules and regulations shall be reviewed, and the candidate bears the responsibility for that.Candidate 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.