Qassim Cement Co. — Board/Management Information 2021

Oct 5, 2021

Qassim Cement Company announces the opening of candidacy for membership of the Board of Directors for its next session

3040 · 05/10/2021 09:15:11 · Announcement #65063 · View on Saudi Exchange

Qassim Cement Company announces the opening of candidacy for membership of the Board of Directors for its next session

Element List

Explanation

Introduction

Qassim Cement Company is pleased to announce the opening of nomination for membership of the company's board of directors next session, which begins on 01-01-2022 for three-year duration ends on 31-12-2024. Noting that the nomination for membership of the Board of Directors will be in accordance with the provisions contained in the Companies Law issued by the Ministry of Commerce, and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the company’s bylaw and the company’s board membership policy approved by the General Assembly.

Those who wish to nominate themselves for membership of the Board of Directors, who meet the conditions and criteria for membership, must submit their candidacy applications within the specified period and in accordance with the details contained in this announcement.

The Board of Directors will be elected for the new term at the next General Assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities.Type of AssemblyNew SessionAssembly Start Date2022-01-01 Corresponding to 1443-05-28Assembly End Date2024-12-31 Corresponding to 1446-06-30Number of members9Application Start Date2021-10-05 Corresponding to 1443-02-28Application End Date2021-11-06 Corresponding to 1443-04-01Applications Submission MethodCandidacy applications and their attachments shall be sent to the Nomination and Remuneration Committee at the e-mail

bod.nomination@qcc.com.sa (or) send to the address of Qassim Cement Company (4266 Unit No. 1 PO Box 52271 - 6735 Kingdom of Saudi Arabia, Building No. 4266 Postal Code 52271 Additional No. 6735).

For more information, please contact the Shareholder Relations Section on phone number 0163160026 or 0163165513Application Requirements1- Fulfill the nomination criteria in accordance with the Board of Directors membership policy approved by the general assembly of shareholders and in accordance with the relevant rules and regulation. (attached)

2- Provide a signed copy of Form No. (3) Issued by the Capital Market Authority. (attached)

3- If the candidate has previously occupied as a member of the Board of Directors of Qassim Cement Company, he must attach a statement from the company’s management about the last term in which he became a member of the Board, including the following information:

a) The number of board meetings that took place during each year of the term, the number of meetings attended by the member, and the percentage of his attendance to the total meetings.

b) The names of the permanent committees in which the member participated, the number of meetings held by each of those committees during each year of the session, the number of meetings he attended, and the percentage of his attendance to the total meetings.

c) A summary of the financial results achieved by the company during each year of the term.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.