Makkah Construction and Development Co. — Board/Management Information 2023

Mar 16, 2023

Makkah Construction and Development Co. Announces Calling Candidature for Board Members Elections

4100 · 16/03/2023 08:05:18 · Announcement #72412 · View on Saudi Exchange

Makkah Construction and Development Co. Announces Calling Candidature for Board Members Elections

Element List	Explanation
Introduction	Makkah Construction and Development Company is pleased to announce to its shareholders the opening of candidacy for membership of the Board of Directors for the new twelfth session of the company for a period of three years starting on 10/06/2023 and ending on 09/06/2026

Candidates will be elected at the company's next ordinary general assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the competent authorities.Type of AssemblyNew SessionAssembly Start Date2023-06-10 Corresponding to 1444-11-21Assembly End Date2026-06-09 Corresponding to 1447-12-23Number of members11Application Start Date2023-03-16 Corresponding to 1444-08-24Application End Date2023-04-15 Corresponding to 1444-09-24Applications Submission MethodApplications for candidacy and the required attachments shall be received during the official working hours of the company and during the nomination period specified as follows:

Makkah Construction and Development Company:

Chairman of the Remuneration and Nomination Committee - P.O. Box: 7134 Makkah 21955

E-mail: kh_makkawi@mcdc.com.sa

For more information please call:

Tel: 012570377-012570037 Transfer number: 120

Mobile number: 0592101512Application RequirementsCandidacy Conditions:

Nomination for membership of the Board of Directors will be in accordance with the regulations stipulated in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the policies, standards and procedures of membership in the Company's Board of Directors approved by the General Assembly of the Company (attached).

When electing the members of the Board of Directors, the General Assembly shall take into account the recommendation of the Remuneration and Nomination Committee and the availability of the personal and professional qualities necessary to perform their duties effectively in accordance with this Article.

Requirements for candidacy for membership of the Board of Directors

• Submit a written request from the candidate to the management of the company for his desire to run within the specified announcement period.

• A CV including current job information, academic qualifications, and previous and current work experience.

• Fill out Form No. (1) in PDF format (attached) in both Arabic and English.

• Fill out, sign and attach CV Form No. (3) in PDF and WORD formats. It can be obtained from the Forms section of the Capital Market Authority website www.cma.org.sa

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

• Clarify the nature of membership (in his personal capacity or representative of a legal person).

• Disclosure by the Board of Directors and the General Assembly of the Company of any cases of conflict of interest in accordance with the procedures prescribed by the Capital Market Authority, including:

• The existence of a direct or indirect interest in business and contracts made for the company.

• His participation in a business that will compete with the company or compete with it in one of the branches of its activity.

• A statement of the joint stock companies that are he still a member of its board of directors and the committees that he has served or continues to serve.

• A candidate who has previously served as a member of the board of directors of a joint stock company must provide a statement of the number and date of the boards of directors of the companies he has become a member.

• Attach a recent and clear copy of the national identity card for individuals, the family register or the commercial register of companies and institutions, and the candidate's contact numbers.

• The relevant rules and regulations must be reviewed and the candidate is responsible for this.

• Voting in the General Assembly for the new session of the Board shall be limited to candidates who meet the conditions, controls and criteria described in this announcement. Cumulative voting will be used to elect the members of the Board of Directors.

• The Remuneration and Nomination Committee shall study the candidates' applications received in accordance with paragraph (2) of Article (62) of the Corporate Governance Regulations issued by the Capital Market Authority.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.