Al Amar Food announces opening of candidacy for membership of BOD

Alamar Foods Company announced on Sunday to the shareholders the opening of candidacy for membership of the company’s board of directors for the forthcoming new term, which will start on 8th February 2023, and for a period of three years ending on 7th February 2026, in accordance with the regulations contained in 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, criteria, and procedures for membership in the Board of Directors.
Members will be elected during the next general assembly meeting, the date of which will be announced at a later time.
The type of assembly is New Session. The assembly start date 08/02/2023. The Assembly end date is 07/02/2023. The number of members is 7. The application start date is 01/01/2023. The end date is 30/01/2023.
The candidate must fulfil the conditions for candidacy for membership of the Board of Directors stipulated in the relevant laws and regulations according to the following:
1. Fulfil the general conditions for membership of the Board of Directors and the nomination requirements stipulated in the policies, standards and procedures for membership in the Board of Directors
2. Submit a written application signed by the candidate declaring his desire to run for membership in the Council according to the form within the period specified in the announcement.
3. Submit a signed copy of Form No. (3) Issued by the Capital Market Authority for candidacy for membership of the Board of Directors.
4. A definition of the candidate (full name and address) with a copy of the national identity and family book.
5. Attach the CV, qualifications, previous work experience, and his experience in the field of the company’s business and the current work.
6. The candidate must disclose any conflict of interests with the interests of the company, in addition to any financial relationship or issues with the company.
In addition to the above, the following are taken into consideration:
1- The candidate must fulfil the requirements of adequate experience, honesty and knowledge that contribute to enhancing the company’s ability to perform optimally.
2- Provide details of the names of companies inside or outside the Kingdom of which the candidate is a member of the current and previous boards of directors or of their managers.
3- Provide a breakdown of the joint-stock companies in which the candidate has held membership of their boards of directors in the Kingdom of Saudi Arabia, specifying the time spent in each of them.
4- Providing details of companies, institutions or businesses that the candidate participates in managing or owning in the Kingdom of Saudi Arabia (or in places where the company has an activity for it) and which are engaged in similar activities (competition) to the activity of the company.