| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Saudi Arabian Refineries Company is pleased to its shareholders for calling Candidature for Board Members Elections for the next session, which begins its work, God willing, starting from May 01, 2021, for a period of three years. Gentlemen who wish to nominate themselves for membership in the Board of Directors, who meet the conditions and qualifications for membership, must submit their candidacy applications within the period specified in the announcement and in accordance with the details contained in this announcement. The 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 policies, standards and procedures for membership in the Board of Directors approved by the General Assembly of the shareholders of the company, as the nominated members will be elected during the next general assembly of the company which will be announced For his appointment at a later time, God willing, after obtaining the necessary approvals from the competent authorities. |
| Type of Assembly | New Session |
| Assembly Start Date | 01-05-2021 | Assembly End Date | 30-04-2024 |
| Number of members | 8 |
| Application Start Date | 31-12-2020 | Application End Date | 31-01-2021 |
| Applications Submission Method | The originals of the candidacy applications, their attachments and the aforementioned forms shall be submitted to the company before the end of the nomination period specified in the announcement, in any of the following methods: First: Handing over at the company’s headquarters in Jeddah, Madinah Road, Adham Commercial Center – Tenth Floor Second: Sent by post: PO Box 1113, Jeddah 21431, Kingdom of Saudi Arabia (subject to the arrival of the consignment during the candidacy period) Third: To be sent by e-mail: info@almasafi.com.sa, provided that the assets are sent by post to the address shown in the second above. For inquiries, please call: |
Application Requirements | The candidate must fulfill the conditions for candidacy for membership of the Board of Directors stipulated in the relevant laws and regulations according to the following: 1- Fulfilling the general conditions for membership of the Board of Directors and the nomination requirements contained in the policies, standards and procedures for membership in the Board of Directors approved by the Company’s General Assembly (attached). 2- Submit a written application signed by the candidate declaring his desire to run for membership in the Council according to the form (attached) within the period specified in the announcement. 3- Submit Form No. (1) CV. (Attached) 4- Submit a signed copy of Form No. (3) issued by the Capital Market Authority for candidacy for membership of the Board of Directors (attached). 5- Certified Arabic translation of any documents or documents written in a foreign language. 6- He should not be a government employee except for those appointed by the state sectors. 7 – Attach a clear and valid copy of the national identity card, as well as a copy of the family record (for a married person), a copy of the passport for non-Saudis, or a copy of the commercial register for legal entities that want to nominate representatives, and the candidate’s contact numbers, including phone, mobile and fax. And e-mail. 8- A statement of the number and date of his membership in the boards of directors of joint stock companies, and the committees he assumed or is still holding. 9- A statement in which the candidate discloses any direct or indirect interest in the business and contracts concluded for the company. 10- A statement of the companies or establishments in which he participates in managing or owning them and engaging in similar businesses. 11- He should not have been convicted of a crime involving breach of honor and trust. 12- The candidate must fulfill all the decisions issued against him by the Capital Market Authority. 13- He must be of good conduct and of good reputation, both personally and professionally. 14- He must have experience in the field of the company’s business or similar business. 15- To have the ability to allocate sufficient time to contribute to directing the company’s business and policies. 16- To have leadership and the ability to understand, analyze problems, evaluate them and find appropriate solutions. The Nominations and Remuneration Committee will study the candidates’ applications received by it, noting that voting in the General Assembly will be limited to those who nominated themselves for membership of the Board in accordance with the controls and criteria set forth in the policies, standards and procedures of membership in the Board of Directors and whose information the company will announce in accordance with Paragraph (a) of Article 8 of the Regulations Corporate governance issued by the Capital Market Authority. |
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