Riyadh Cables Group Co. — Board/Management Information 2024

Nov 7, 2024

Riyadh Cables Group Co. announces the opening of the nomination period for the board of director’s membership

4142 · 07/11/2024 08:23:20 · Announcement #83517 · View on Saudi Exchange

Riyadh Cables Group Co. announces the opening of the nomination period for the board of director’s membership

Element List	Explanation
Introduction	Riyadh Cables Group Co. announces the opening of nominations for membership in the Board of Directors for the next session, which begins its work as of March 1, 2025, for a period of four years.

This is an invitation to those who wish to nominate themselves for the board of directors’ membership.

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

Kindly note that the Board of Directors members for the forthcoming session will be elected in the upcoming Shareholders General Assembly meeting whose date will be announced at a later date, upon obtaining the necessary approvals from the applicable authorities.Type of AssemblyNew SessionTerm Start Date2025-03-01Term End Date2029-02-28Number of members7Nomination Start Date2024-11-07 Corresponding to 1446-05-05Nomination End Date2024-12-08 Corresponding to 1446-06-07Applications Submission MethodKindly be advised that the mechanism of receiving the original nomination’s application and its attachments and for any inquiries must be done through sending it to the attention of the Nominations and Remuneration Committee- before the end of the nomination period- to the following E-mail address:

bodsec@riyadh-cables.comPolicy and criteria of nominationNomination will be in accordance with the provisions stipulated in the Companies Law and its Executive Regulations, the Corporate Governance Regulations issued by the Capital Market Authority, and the Regulations for Standards and Procedures for Membership of the Board of Directors approved by the General Assembly.

In addition, nominees must complete the following requirements:

1-Commitment to the policy and criteria of the nomination for membership of the Board of Directors as approved by the General Assembly. (attached)

2-Submit a signed nomination request letter to the company’s Nominations and Remuneration Committee signed by the candidate. (attached)

3-Submit biography in Arabic and English, Form (1) supported by copy of his/her qualifications and experience in the field of corporate business management, whether directly through an executive position he or she has held, or indirectly through membership in the boards of directors. (Attached)

4-Submit a signed copy of Disclosure Form No. (3) issued by the Capital Market Authority for candidacy for membership in the Board of Directors in Arabic and English, clarifying the status of membership and the nature of membership, as well as disclosing to the Board of Directors

and the General Assembly of the company any cases of conflict of interest in accordance with the procedures established by the CMA . (attached)

The form can also be obtained through the CMA’ website at the following link:

https://cma.org.sa/RulesRegulations/FormsSite/Documents/Form3.doc

5-Attach clear and valid copy of the national ID, family record, copy of residency and passport for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities.

- Please provide all attachments required in (pdf) format.

6- The nominee must not be prohibited from working in joint-stock companies by the Capital Market Authority or other bodies regulating the work of financial markets inside or outside the Kingdom.

7-Submitting a statement that includes the names of the joint stock companies in which the nominee participates as a member of their boards of directors and committees, and companies or institutions that are jointly managed or owned and carry out businesses like those of the company.

The Nominations and Remuneration Committee will review the applications received by the candidates.

The committee will also exclude incomplete nomination applications submitted during the nomination period and will also exclude any candidates not meeting the terms and the criteria for membership contained in the list of standards and procedures for membership in the company’s Board of Directors.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.