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SGS

28 November, 2024 19:50

Saudi Ground Services Announces the Opening of Nominations for Board of Directors for the Next Term

Element ListExplanation
IntroductionSaudi Ground Services Company announces the opening of membership in the Board of Directors upcoming cycle, which will be for a Period of 4 years starting from 06th May 2025G until 05th May 2029G. Noting that the nomination for membership of the Board of Directors will be in accordance with the provisions stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Company's Bylaws and the policy, criteria and Procedures for Board Membership approved by the General Assembly. Those wishing to nominate themselves for membership of the Board of Directors, who meet the conditions and membership criteria mentioned in the policy of membership criteria in the Board of Directors, should submit their nomination applications within the specified period and in accordance with the details mentioned in this announcement. Noted that the date of the General Assembly meeting, which will include the item of electing the members of the Board of Directors for the new term, will be announced later, after the necessary approvals from the competent authorities have been obtained.
Type of AssemblyNew Session
Term Start Date2025-05-06
Term End Date2029-05-05
Number of members9
Nomination Start Date2024-12-01 Corresponding to 1446-05-29
Nomination End Date2024-12-31 Corresponding to 1446-06-30
Applications Submission MethodApplications for nomination, attachments and forms during the specific nomination period shall be sent to the Company in the attention of the Secretary of the Nominations and Remuneration Committee - Corporate Governance Department through e-mail: mdhaifallah@saudiags.com Application must be submitted before the end of 31st of December 2024G For enquiries, you can contact us during official working hours by telephone: (0126909999) Ext. (8866) or (9663).
Policy and criteria of nomination1. The candidate must meet the conditions and criteria outlined in the Policy of Standards and Procedures for Board Membership approved by the General Assembly (attached). 2. The candidate must submit a written notification expressing their desire to run for board membership (attached). 3. A statement must be provided listing the names of joint-stock companies where the candidate serves on boards of directors or committees. 4. A statement must be provided detailing companies or entities in which the candidate participates in management or ownership that engage in similar business activities as the company. 5. A signed copy of Disclosure Form No. (3) issued by the Capital Market Authority (CMA) for board membership candidacy must be submitted (attached). The form can also be accessed through the CMA website: https://bit.ly/3qWw8VC. 6. The candidate must submit Curriculum Vitae Form No. (1) in both Arabic and English (attached). 7. The candidate must provide the company with all required documentation, such as a national ID, family card, passport (for non-Saudi candidates), commercial registration for companies, or any other relevant documents as requested by the company to fulfil regulatory requirements. The company’s Nomination and Remuneration Committee will review the eligibility of candidates based on the applicable policies and relevant regulations. Voting at the General Assembly for the new board term will be limited to candidates who meet the stipulated conditions, standards, and membership criteria mentioned in this announcement. Board members will be elected through cumulative voting as per the regulations.
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange
Attached Documents      

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