Saudi Cement Co. — Board/Management Information 2021

Jul 25, 2021

Saudi Cement Company announces the opening of board membership nomination for its next term.

3030 · 25/07/2021 08:10:26 · Announcement #64229 · View on Saudi Exchange

Saudi Cement Company announces the opening of board membership nomination for its next term.

Element List	Explanation
Introduction	Saudi Cement Company announces the opening of nomination for the Board of Directors membership for the next three years term, which begins on 01/01/2022 and ends on 31/12/2024.

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 Date2022-01-01 Corresponding to 1443-05-28Assembly End Date2024-12-31 Corresponding to 1446-06-30Number of members11Application Start Date2021-07-26 Corresponding to 1442-12-16Application End Date2021-08-26 Corresponding to 1443-01-18Applications Submission MethodNomination applications to be submitted to the Nomination and Remuneration Committee with copy of ID to following address:

Emil: boardnomination@saudicement.com.sa

For more information please call 013-8358170 or 013-8358013Application RequirementsThe candidate must fulfil the requisites of the membership candidacy of the Board of Directors mentioned in the relevant laws and regulations and the general conditions for membership of the Board of Directors of the company, and must fulfil the following:

1-He must not have been previously convicted of a crime involving moral turpitude or dishonesty.

2-candidate should not exceed 5 listed companies Board memberships at the same time.

3-He is not banned to work in joint stock companies by the Capital Market Authority or other bodies regulating the work of financial markets inside or outside the Kingdom.

4-To comply with the criteria of approved policy of membership of the Board of directors (attached).

5-To submit the application for nomination to the Remuneration and Nominations Committee along with the CV / qualifications / experience. (Attached).

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

7-The CV must include the qualifications and experience certificates in the field of corporate business management, whether directly through an executive position held, or indirectly through membership of boards of directors.

8-The candidate who was a board member of a joint stock Company (inside or outside the Kingdom) shall submit a statement of such company/companies.

9-The candidate shall submit a statement of the companies or establishments that he/she is a member of their boards of directors or holds a share therein, and disclose whether or not these companies carry out business similar to that of the Company.

10-The candidate shall submit a statement of the joint stock companies and other establishments that he/she is expected to be a board member therein or take part in managing them during the session of the board membership he runs for.

11-If the candidate was previously a Board member of Saudi Cement Company, he/she shall submit a statement issued by the Company’s management on the last session in which he/she held the position of Board member, including the following information:

a)A statement of the number of board meetings that took place during each year of that session, the number of meetings were attended in person, and the percentage of attendance to the total board meetings.

b)A statement of the specialized committees of which he/she was a member, the number of meetings held by each of those committees during each year of that session, the number of meetings were attended, and the percentage of attendance to the total meetings.

c)A summary of the financial results achieved by the Company during each year of that session.

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

The Nominations and Remuneration Committee will study 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.