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Malath Cooperative Insurance Company (Malath Insurance) announced on Sunday the initiation of nomination for membership of the Board of Directors for the next term, starting from 06.04.2022 for three years and ending on 05.04.2025.
Every shareholder who meets the conditions has the right to nominate himself for membership of the Board of Directors, where applicants shall send their nomination notification in accordance with the Company’s nomination and appointment policies, and in accordance with the provisions and controls of the relevant laws, regulations and circulars, including the Corporate Governance Regulations issued for the Capital Market Authority(CMA), the Insurance Companies Governance Regulations issued by the Saudi Central Bank(SAMA), the requirements for appointment to leadership positions in financial institutions subject to the supervision of the SAMA, and what all applicable regulations in this regard.
Selection of the nominated members for the Board of Directors new term will take place at the upcoming general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities.
Applicants who wish to nominate themselves for the membership of the Board of Directors shall submit their candidacy applications to the Company at [email protected]
Requests shall include original candidacy applications & required forms and titled with the Nomination and Remuneration Committee and addressed to Investors Relations through the following address:
P.O.BOX 99763, Riyadh 11625
Tel: 0114168222 EX:1213
Or through the E-mail address in (PDF and word) format on the following email: