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TASNEE

09 January, 2025 15:45

National Industrialization Co. announces the opening of the nomination period for the board of director’s membership

Element ListExplanation
IntroductionNational Industrialization Company (TASNEE) is pleased to announce the opening of the nomination for membership of the Board of Directors for the next Four-year term starting on 06/07/2025 and ending on 05/07/2029, upon that candidates who wish to nominate themselves for the membership of the Board of Directors and who meet the relevant conditions and standards must submit their nomination applications within the specified period and in accordance with the details contained in this announcement. Nomination will be in accordance with the provisions of 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 Articles of Association, and the Board Membership Policy approved by the Company’s General Assembly. The candidate must fulfill the conditions of membership stated in the relevant regulations, the Board Membership Policy approved by the general assembly (attached), and complete the following requirements: 1. Submit a signed letter to the Company indicating the candidate's desire of his nomination during the one-month nomination period, along with the candidate's resume, qualifications, and experience in the Company's business, in accordance with the relevant regulatory forms and requirements. 2. Submit a statement including the names of the joint-stock companies in which the candidate is a member of their boards of directors and committees. 3. Submit a statement of the companies or entities in which the candidate participates in their management or ownership which carry out and engages in activities similar to the company's business. 4. Submit Form No. (1) in Arabic and English, relating to the CV (attached). 5. Submit a signed copy of Form No. (3) in Arabic and English which issued by the Capital Market Authority for candidacy of membership in the Board of Directors (attached). 6. Attach a clear and valid copy of the national identity card for individuals, as well as the family ID (for married persons), a copy of the passport for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities. Candidates will be elected to the Board of Directors during the General Assembly meeting which will be announced later after obtaining the necessary approvals from the competent authorities.
Type of AssemblyNew Session
Term Start Date2025-07-06
Term End Date2029-07-05
Number of members10
Nomination Start Date2025-01-09 Corresponding to 1446-07-09
Nomination End Date2025-02-10 Corresponding to 1446-08-11
Applications Submission MethodApplication of nominee must be submitted during the official working hours of the Company, from 8:00 am to 4:00 pm, before the closing date of the nomination period, through the following: 1. To be sent to the following e-mail address (m.asim@tasnee.com) “Attention of the Secretary of the Nomination and Remuneration Committee”. 2. Handling at the company's headquarters "National Industrialization Company – Headquarters – The Business Gate – Building No. C3 – Eastern Ring Road – Qurtubah Area – Kingdom of Saudi Arabia" P.O Box 26707, Riyadh 11496
Policy and criteria of nominationAttached
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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