BinDawood Holding —
BinDawood Holding Co. Announces the opening of nominations for membership of its next Board of Directors term.
| Element List | Explanation |
|---|---|
| Introduction | BinDawood Holding Company (“the Company”) is pleased to inform the Shareholders of the commencement of the nomination process to the Board of Directors of the Company for the next four years term, starting from 8th of May 2025G and ending on 7th of May 2029G in accordance with the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority (“CMA”) and the policy, criteria and procedures formulated by the Company for membership to the Board of Directors.
The nominated members will be elected at the meeting of the General Assembly of the shareholders, which will be announced after obtaining the necessary approvals from the competent authorities.
Anyone who desires to be nominated and meets the Board membership conditions and criteria should submit his/her application during the nomination period in accordance with the details provided below. |
| Type of Assembly | New Session |
| Term Start Date | 2025-05-08 |
| Term End Date | 2029-05-07 |
| Number of members | 9 |
| Nomination Start Date | 2024-12-05 Corresponding to 1446-06-04 |
| Nomination End Date | 2025-01-05 Corresponding to 1446-07-05 |
| Applications Submission Method | Candidates should submit their applications, the attachments and the forms referred to hereafter (completed in Arabic and English and signed) to the Company to the attention of the Nomination and Remuneration Committee and Send to investor relations department via email (investors@bindawood.com) |
| Policy and criteria of nomination | In accordance with the conditions, controls and requirements contained in the Companies Law, the Corporate Governance Regulations and the registration and listing rules issued by the Capital Market Authority, and in accordance with the policies, criteria and procedures for membership to the Board of Directors of BinDawood Holding Company (attached).
The nomination request shall comprise:
1. An application to the Company of the candidate’s desire to apply for Board membership and his/her willingness to undertake the responsibilities associated with the membership of the Board. 2. Complete the required Forms released by the specialized authorities. (Form 1 and form 3 – attached). 3. Attach the resume of the applicant 4. Attach copies of his/her qualifications and experience in the Company’s business sector. 5. Attach a statement of the companies’ Boards of Directors where he/she was a member. 6. Attach a statement of the joint stock companies where he/she is still a member of the Board of Directors. 7. Attach a statement of the companies where he/she participated in the management or ownership thereof, and that conducted activities similar to those of the Company. 8. Attach a copy of the National Identity Card / Family Register; in addition to the candidate’s contact numbers and Email Address. 9. The candidate shall submit a certified Arabic translation of any documents written in a foreign language.
The voting for the membership of the new Board will be limited to the nominees who have satisfied the mentioned terms, conditions, and standards in this announcement, whereby the Nomination and Remuneration Committee shall consider the selection of candidates based on that and on the basis of educational qualifications, practical experience and familiarity with the Company’s activities, as well as the Corporate Governance Regulation pertaining to composition of the board which refer that at least one third of the members are independent and the majority are non-executive.
The cumulative vote will be used to elect the members of the Board of Directors. |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |  |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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BinDawood Holding
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