Ghida Alsultan for Fast Food Co. announces the opening of the nomination period for the board of director’s membership

Element List	Explanation
Introduction	Ghida al-sultan Company announces the opening of nominations for the membership of the company's Board of Directors for the upcoming term. Those interested in nominating themselves for Board membership, who meet the required conditions and qualifications, must submit their nomination applications within the specified period as outlined in this announcement, and in accordance with the details provided herein. Nominations will be conducted 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. The elected members will be selected during the company's General board meeting, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities.
Type of Assembly	New Session
Term Start Date	2024-11-21
Term End Date	2027-11-20
Number of members	5
Nomination Start Date	2024-10-17 Corresponding to 1446-04-14
Nomination End Date	2024-11-17 Corresponding to 1446-05-15
Applications Submission Method	All required documents and attached forms should be sent to the attention of the Nomination and Remuneration Committee before the end of the nomination period specified in the announcement, via the email address: board@ghidas.com For inquiries, an email can be sent to the above address during the nomination period.
Policy and criteria of nomination	Candidates must meet the eligibility requirements for nomination to the Board of Directors as stated in the relevant regulations and rules, while adhering to the following: -Submission of a signed letter to the Nominations and Remuneration Committee expressing the desire to run during the specified announcement period, accompanied by a resume, qualifications, and experience. -Completion of the CV Form (1) (attached). -Submission of a clear copy of the national identity card and the family card for individuals, and a copy of the passport for non-Saudis. -Submission of a signed copy of Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors (attached). It is required that a member of the Board of Directors possesses the necessary professional competence, expertise, knowledge, skill, and independence to effectively perform their duties. In particular, they should possess the following: 1.Leadership Ability: They must have leadership skills that enable them to delegate authority, stimulate performance, implement best practices in effective management, and adhere to professional values and ethics. 2.Competence: They must possess the necessary educational qualifications, professional skills, appropriate personal attributes, training level, and practical experience related to the company's current and future activities, or in management, economics, accounting, law, or governance, along with a desire for learning and training. 3.Guidance Ability: They should have technical, leadership, and administrative skills, quick decision-making abilities, and an understanding of the technical requirements related to workflow, as well as the capability for strategic guidance, planning, and a clear future vision. 4.Financial Knowledge: They should be able to read and understand financial statements and reports. 5.Health Fitness: They should not have any health restrictions that impede them from performing their duties and responsibilities. • They must not be employees of the public sector. • They must not have been subject to any decision by the Capital Market Authority or any judicial or regulatory body that found them in violation of the Companies Law or the Capital Market Law and its regulations, or have committed any punishable offense. • No person who has previously been convicted of a crime that undermines honor and trust should be nominated. • Preference will be given to those with sufficient knowledge of administrative and financial matters, who are familiar with the relevant rules, regulations, and legislation, and understand the rights and responsibilities of the Board of Directors. Please note that incomplete applications will not be considered, and voting in the General Assembly will be limited to those who have nominated themselves for membership on the Board of Directors in accordance with the policies and criteria for board membership and the procedures and provisions outlined in this announcement.
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange
Attached Documents