Riyadh Cement Co. — Board/Management Information 2021

Dec 16, 2021

Riyadh Cement Company Announces Calling Candidature for Board Members Elections for the next term.

3092 · 16/12/2021 09:08:07 · Announcement #65979 · View on Saudi Exchange

Riyadh Cement Company Announces Calling Candidature for Board Members Elections for the next term.

Element List	Explanation
Introduction	Riyadh Cement Company announces the opening of nomination for the Board of Directors membership for the next three years term, which begins on 15-06-2022 and ends on 14-06-2025.

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

Selection of the nominated members for the Board of Directors’ new term will take place at the upcoming general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities.Type of AssemblyNew SessionAssembly Start Date2022-06-15 Corresponding to 1443-11-16Assembly End Date2025-06-14 Corresponding to 1446-12-18Number of members7Application Start Date2021-12-16 Corresponding to 1443-05-12Application End Date2022-01-31 Corresponding to 1443-06-28Applications Submission MethodAll applications will be received before the deadline of candidacy period during the official work hours (8:00 A.M. - 4:00 P.M.) to the following the address:

Riyadh Cement Company

The Nominations and Remunerations Committee

1- Riyadh, Al Muhammadiyah, Imam Saud bin Abdulaziz bin Mohammed Road, Head Office (Building No. 2581).

2- Email: f.khaled@sawcem.com.sa

For inquiries please contact Investor Relations on the following number:

+966112611888 Ext: 1731Application RequirementsThe candidate must meet the conditions of the candidacy of the Board of Directors mentioned in relevant laws and regulations and the general requisites for membership of the Board of Directors of the company, and must fulfil the following:

1- Meeting the criteria of the approved policy of membership of the Board of directors of Riyadh Cement Company (attached).

2- Submit the application for nomination to the Remuneration and Nominations Committee during the mentioned period with qualifications, experience and CV. (Attached)

3- Submit a signed copy of Form No. (1) Curriculum vitae in Arabic and English (Attached).

4- Submit a signed copy of Form No. (3) issued by the Capital Market Authority for candidacy for membership of the Board of Directors. (Attached).

5- It is required that the member of the board of directors must be professional competence who has the experience, knowledge, skill and necessary autonomy. Besides, he has the ability to lead, competency, ability to direct, financial knowledge, and healthy.

6- He is not banned to work in joint-stock companies by the Capital Market Authority.

7- He should not be a board member of five companies listed at the same time

8- He should not be a board member or works for a competitor company.

9- The candidate has to complete forms applied by the Capital Market Authority and the requirements of the Ministry of Commerce.

10- The Nominations and Remunerations Committee approved his fulfilment of the conditions and certified him as a qualified candidate.

The Nominations and Remuneration Committee will study all the candidates' applications received based on what was stipulated in Paragraph (2) of Article 65 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.