Riyadh Cement Announces Nomination Opening for BOD Membership

Riyadh Cement Company announced on Thursday the opening of nomination for the Board of Directors membership for the next three years term, which begins on 15.06.2022 and ends on 14.06.2025.

Those who wish to nominate themselves for membership of the Board of Directors and who meet the membership conditions and criteria must submit their candidacy applications within the specified period and in accordance with the details contained in this announcement.

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.

The type of assembly is new session. The assembly start date is 15.06.2022 and the assembly end date is 14.06.2025.

The number of members is 7. The application start date is 16.12.2021 and the application end date is 31.01.2021.

Applications Submission Method

All applications will be received before the deadline of candidacy period during the official work hours (8:00 A.M. – 4:00 P.M.) to the following the address:

Riyadh Cement Company

The Nominations and Remunerations Committee

Application Requirements:

The candidate must meet the conditions of the candidacy of the Board of Directors mentioned in relevant laws and regulations and the general requisites for membership of the Board of Directors of the company, and must fulfill the following:

1. Meeting the criteria of the approved policy of membership of the Board of directors of Riyadh Cement Company.
2. Submit the application for nomination to the Remuneration and Nominations Committee during the mentioned period with qualifications, experience and CV.
3. Submit a signed copy of Form No. (1) Curriculum vitae in Arabic and English.
4. Submit a signed copy of Form No. (3) Issued by the Capital Market Authority for candidacy for membership of the Board of Directors.
5. It is required that the member of the board of directors must be professional competence who has the experience, knowledge, skill and necessary autonomy. Besides, he has the ability to lead, competency, ability to direct, financial knowledge, and healthy.
6. He is not banned to work in joint-stock companies by the Capital Market Authority.
7. He should not be a board member of five companies listed at the same time.
8. He should not be a board member or works for a competitor company.
9. The candidate has to complete forms applied by the Capital Market Authority and the requirements of the Ministry of Commerce.
10. The Nominations and Remunerations Committee approved his fulfillment of the conditions and certified him as a qualified candidate.

The Nominations and Remuneration Committee will study all the candidates’ applications received based on what was stipulated in Paragraph (2) of Article 65 of the Corporate Governance Regulations issued by the Capital Market Authority, the company concluded.