Opening the door for candidacy for the membership of the Board of Directors of “Saudi Pipes”

The Saudi Pipeline Company (Saudi Pipes) announced the opening of candidacy for the company’s board of directors for its next session, which will last for three AD years starting from 07/06/26 AD and end on 06/06/26 AD.
The company said in a statement to Saudi Arabia’s circulation: The date of opening the door for candidacy 09-19-19 corresponding to 2025-03-19, while the date of the end of the candidacy will be 1446-10-20 corresponding to 2025-04-18.

Policy and standards of candidacy

Firstly:
Submit the following forms:
A. Completeing and signing a letter of candidacy with a copy of the national identity or passport (for non -Saudis);
for. A signed version of the Form (1) issued by the Capital Market Authority in both Arabic and English.
C. A signed version of the (CV model) issued by the Capital Market Authority in both Arabic and English.
secondly:
Providing a statement that includes the number and dates of memberships in the board of directors of any joint stock company (listed or not included) and the committees in which the candidate participated or is still a member.
Third:
Providing a statement that includes the companies or entities managed or owned by the candidate, which works in business related to the company’s business.
Fourth:
The filter must disclose any cases that oppose interests, according to the lists of the Capital Market Authority, including:
A. The presence of direct or indirect interest in the works and contracts that take place for the company.
for. Participate in a work that may compete with the company or any of its activities.
Fifth:
If the candidate had previously held a member of the board of directors in any listed company, including the company, and wants to re -nominate himself, he must provide a statement on the last session in which he was a member of the board of directors, provided that the statement includes the following information:
A. The number of meetings of the Board of Directors held during each year of the session.
for. The number of meetings of the board of directors attended by the member, and the attendance rate of all meetings.
C. The committees in which the member participated and the number of meetings held by each of these committees for each year from each session and the number of meetings he attended and the percentage of his attendance to the total number of meetings.
D. Summary of the financial results achieved by the company during each year of the course.
The Rewards and Nominations Committee will consider and evaluate the requests of the candidates that were received during the nomination period, which meets the conditions mentioned above.
The vote in the General Assembly of the new board of directors is limited to the candidates who meet the conditions, requirements and criteria shown in this announcement.