Money and business

Opening the door for candidacy for the membership of the board of directors “Shaker”

Al -Hassan Ghazi Ibrahim Shaker announced the opening of the candidacy for the company’s board of directors for the next session, which will start from the date of May 25, 2025 AD for a period of four AD, ending on May 24, 2029 AD.
The company said in a statement to Saudi Arabia’s circulation: The date of opening the door for candidacy 06-06-06 corresponding to 2025-05, and the date of the expiry of the candidacy for 1446-07-07 corresponding to 2025-07-07.

Policy and standards of candidacy

The candidacy will be in accordance with the provisions contained in the corporate system and its executive regulations and the corporate governance regulations issued by the Capital Market Authority and the membership standards and procedures of the board of directors approved by the General Assembly of the company, provided that the candidates meet the following conditions:
1. The general conditions for the membership of the Board of Directors and the requirements of candidacy contained in the policies, standards and procedures of membership in the board approved by the General Assembly of the company.
2. Those who wish to nominate themselves for membership of the company’s board of directors must disclose his desire to run by filling out the application form for the candidacy for the membership of the board of directors during the period specified in the announcement and attached to it all the required documents.
3. Filling and signing Form No. (1) issued by the Capital Market Authority (CV) in both Arabic and English.
4. Filling and signing Form No. (3) issued by the Capital Market Authority to run for the membership of the Board of Directors with clarifying the status of membership and the nature of the membership, as well as the disclosure of the board of directors and the general assembly of the company for any cases that oppose interests in accordance with the procedures established by the Capital Market Authority.
5. Providing a statement that includes the names of companies or institutions that he shares or ownership and performs competing works for the company’s business. (If any)
6. The candidate must attach a copy of the national ID card, the family card (if any), and any other relevant documents that the company may require to fulfill the regular requirements.
The nominations and bonuses committee shall study the requests of the candidates received, and the committee will exclude incomplete candidacy applications, and will also exclude any candidate that does not meet the conditions and standards of membership mentioned in the policies, procedures and standards of membership.

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