Meyar Announces Opening of Nominations for Board Membership

Meyar Company announced on Monday the opening of nominations for its Board of Directors for the upcoming term, which will begin on November 6, 2024, and run through November 5, 2028. Candidates interested in joining the board must submit their nomination applications during the specified period, meeting the required conditions and criteria for membership.

The nomination window opens today, Monday, and will remain open until October 16, 2024. The company will select five members for the Board of Directors, in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, as well as Meyar’s internal policies and procedures.

The elected members will be chosen at the upcoming General Assembly meeting, which will be scheduled following the necessary approvals from relevant authorities. The current board and its committees will continue their duties for 90 days beyond the expiration of their term on November 6, 2024, to ensure a smooth transition to the new board.

Prospective candidates are required to submit several documents, including:

1. A letter of intent to run for the Board of Directors.
2. Form No. (1) for the candidate’s CV.
3. A signed copy of Form No. (3) from the Capital Market Authority.
4. Clear copies of national identity cards or passports (for non-Saudis).

The Remuneration and Nominations Committee will review all applications.