Elm Announces Opening Door for Board Membership Nomination 3 Vacant Seats

Elm Company announced on Wednesday the opening of nomination for Board Membership for three vacant seats for independent members to complete the current session, which ends on 24.11.2024, for those who meet the conditions and qualifications for membership in accordance with what is included in the Criteria for candidacy for membership of the Board of Directors, and in accordance with the conditions, controls and requirements included in the statutory texts, the corporate governance regulations issued by the Capital Market Authority, and the applicable regulations require in appointing independent members of the Board of Directors.

The Assembly start date is 25.11.2021. The Assembly end date is 24.11.2024. The number of members is 3. The application start date is 10.03.2022. The application end date is 08.04.2022.

The originals of the candidacy applications, their attachments, and the aforementioned forms shall be sent to the attention of the Nomination and Remuneration Committee by handing them over to the Investor Relations Department during working hours to the address of Elm Company.

Application Requirements:

1.Submit a letter to the Company’s management stating the candidate’s desire to run during the announcement period specified for one month from the time of opening of the nomination, provided that the letter is accompanied by his curriculum vitae, qualifications, and experience in the company’s business field in accordance with the relevant forms and statutory requirements.

2.Submit a statement that includes the names of the joint stock companies in which the candidate participates in the membership of their boards of directors and committees.

3.Submit a statement of the companies or institutions that the candidate jointly manages or owns and that practice similar business to the company.

4.Disclosure to the Board of Directors and the General Assembly of any cases of conflict of interest and conditions of independence in accordance with the procedures established by the Capital Market Authority including:

1. Have any direct or indirect interest in the business and contracts made for the Company.
2. Participate in a business that would compete with the company, or competition in one of the branches of the activity in which the company is engaged in.

5.Provide a statement of the number and date of the boards of directors of the companies in which the candidate was a member, if the candidate has previously held membership in the board of directors of a joint stock company. However, if the candidate has been a member to the board of directors of the company in previous sessions, the candidate must attach a statement of the sessions in which the candidate participated, and the Company shall complete the necessary measures.

6.All forms must be completed in Arabic and English to comply with the requirements of CMA Circular Number (I/7/5/6465/20) dated 26/10/2020.