introduction: Mulkia Investment Company announces the opening of nominations for membership in the Board of Directors for the next session, which begins its work as of March 11, 2025, for a period of four years.
Those who wish to nominate themselves for membership in the Board of Directors, and meet the criteria and conditions, shall submit their nomination applications within the specified period and in accordance with the details contained in this announcement.
Kindly note that the Board of Directors members for the forthcoming session will be elected in the upcoming Shareholders General Assembly meeting whose date will be announced at a later date, upon obtaining the necessary approvals from the applicable authorities.
Type of Assembly: New Session
Term Start Date: 11 March 2025
Term End Date: 10 March 2029
Number of members: 6
Nomination Start Date: 18 November 2024
Nomination End Date: 18 December 2024
Applications Submission Method: Nomination applications, their attachments and the forms referred to shall be sent to the attention of the Nominations and Remuneration Committee before the end of the nomination period specified in the announcement, to the following email address:
sr@mulkia.com.sa Or All forms shall be sent when it is filled and signed in all the pages by handing them during the official working hours of the company from 9 AM until 4 PM.
Policy and criteria of nomination: Nomination will be in accordance with the provisions stipulated in the Companies Law and its Executive Regulations, the Corporate Governance Regulations issued by the Capital Market Authority, and the Policies, Procedures and Standards for Membership of the Board of Directors approved by the General Assembly.
In addition, nominees must complete the following requirements:
1-Commitment to the Policies, Procedures and Standards of the nomination for membership of the Board of Directors as approved by the General Assembly.
2-Submit a signed nomination request letter to the company’s Nominations and Remuneration Committee signed by the candidate.
3-Submit biography in Arabic and English, Form (1).
4-Submit a signed copy of Disclosure Form No. (3) issued by the Capital Market Authority for candidacy for membership in the Board of Directors in Arabic and English, clarifying the status of membership and the nature of membership, as well as disclosing to the Board of Directors and the General Assembly of the company any cases of conflict of interest in accordance with the procedures established by the CMA .
5-Attach clear and valid copy of the national ID and family record, or copy of residency and passport for non-Saudis, and any other relevant documents required by the company to meet the requirements of the regulatory authorities.
6- The nominee must not be prohibited from working in joint-stock companies by the Capital Market Authority or other bodies regulating the work of financial markets inside or outside the Kingdom.
7-Submitting a statement that includes the names of companies or institutions that are jointly managed or owned and carry out businesses like those of the company. (If any)
Nominations and Remuneration Committee will review the applications received by the candidates. The committee will also exclude incomplete nomination applications submitted during the nomination period and will also exclude any candidates not meeting the terms and the criteria for membership contained in the list of standards and procedures for membership in the company’s Board of Directors.
The forms mentioned to can be downloaded from the company’s announcement on the Tadawul website at the following link: https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=83704&anCat=1&cs=9585&locale=ar