‎“Tihama” opens nomination for BOD membership ‎

Tihama Advertising and Public Relations Company announced the opening of the door for candidacy for membership of the Board of Directors for six seats to complete the current session that started from 10-14-2021 AD and ends on 10-13-2024 AD. Six members of the Board of Directors will be elected at the next General Assembly meeting.

For those wishing to run for membership of the Board of Directors who meet the conditions for membership in accordance with the requirements contained in the relevant laws and regulations, and what is included in the policies, standards and procedures for membership of the Board of Directors of the company, to apply for candidacy to the nomination committee of the company starting from the date of 06-13 -2023, and no later than 08/13/2023 AD, provided that the application includes the following documents:

Submitting an official letter to the company’s nomination committee stating his desire to be nominated during the above-mentioned announcement period, provided that the letter is accompanied by his resume, qualifications and experience in the field of the company’s business according to the relevant forms and statutory requirements – Form No. (1) in Arabic and English, which can be obtained It is from the website of the Capital Market Authority

Submitting a statement of the joint stock companies in which he participates in the membership of its board of directors

Submitting a statement of the companies or establishments in which he participates in the management or ownership, and which carry out business similar to the company’s work.

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

1- The existence of any direct or indirect interest in the business and contracts that are concluded for the company

2- His participation in a business that would compete with the company, or compete with it in one of the branches of the activity that it practices.

Submitting a statement of the number and date of the boards of directors of the companies he assumed membership if he had previously held membership in the board of directors of a joint-stock company, in addition to the permanent committees in which the member participated, and an appendix of the financial results achieved by the concerned company during each year. session. But if he had previously held membership of the company’s board of directors in previous sessions, he must attach a statement of the sessions in which he participated, and the company completes the necessary.

– Fill out the Capital Market Authority Form No. (3) in Arabic and English (attached), which can be obtained from the Capital Market Authority website

– Clarifying the type of membership for which he is being nominated, whether the candidate is nominating himself as an executive, non-executive or independent member in accordance with the criteria contained in the Corporate Governance Regulations.

– A clear and valid copy of the national identity card, family card, and passport should be submitted with the application, in addition to the candidate’s contact number.

– The relevant rules and regulations, including the policies, standards and procedures for membership of the Board of Directors must be reviewed and ensured that they are met, and the candidate bears responsibility for that.

Whoever wishes to run for membership in the Board of Directors must be a professionally qualified person with experience, knowledge, skill and complete independence to enable him to exercise his duties efficiently and competently.

In accordance with what was stipulated in Article (18) of the Corporate Governance Regulations, and the committee, when selecting candidates, in addition to the above, must take into account what is included in the policies, standards and procedures for membership of the Board of Directors of the company:

– The candidate has not been previously convicted of a crime involving moral turpitude or dishonesty, or has been declared bankrupt or made any arrangements or reconciliations with his creditors, or is not fit for membership of the Council in accordance with any laws or regulations in force in the Kingdom.

– The candidate should not be a member of the board of directors of more than five listed joint stock companies at the same time.

– That the candidate, as an independent member, not have any of the symptoms of independence that are applicable

– The candidate should not have any direct or indirect interest in the contracts and business that are carried out for the company, or participate in any business that would compete with the company. Or to compete with the company in one of the branches of the activity it is engaged in, unless he previously obtained a license from the general assembly, which is to be renewed every year.

– The candidate should have sufficient experience in the company’s sectors, namely the new advertising sector, the foreign education sector, and the modern bookstores sector.a