Zain KSA Announces Opening of Nomination for Membership of BOD

The Board of Directors of Mobile Telecommunication Company Saudi Arabia (Zain KSA) announced on Thursday to its shareholders the opening of the nomination period for the Board of Directors Membership for the next term, for three years commencing from the date of the General Assembly Meeting.

The company added that the shareholders who want 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.

It also added that the 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 at a later date.

The type of Assembly is new session. The Assembly start date is 26.04.2022. The Assembly end date is 24.05.2025. The number of members is 9. The application start date is 17.02.2022. The application end date is 19.03.2022.

Application Requirements:

According to the provisions governing Board membership and stipulated in the Companies Regulations and the Corporate Governance Regulations, the conditions and procedures of the Board Membership nomination are as follows:

Firstly: Requirement for Board Membership:

-Fulfillment of Board Membership Standard as stated in the Policies, Standard & Procedures for Membership in Zain KSA Board and approved by the General Assembly

-The candidate shall not be a member of more than five joint-stock companies at the same time.

Secondly: Nomination Procedures

Submitting nomination request within the timeframe mentioned in the announcement to the Remuneration and Nomination Committee. Including the following documents to the nomination request:

-Complete and sign the Company application letter

-Complete Form No. (1) Resume Information

– Complete and sign Form No. (3) issued by the CMA for Board Membership nomination

– In addition to meeting, the criteria set forth in 4.1.6 of the Policies, Standard & Procedures for Membership in Zain KSA Board and approved by the General Assembly, that include the following:

• A detailed resume (profile) which includes educational qualification and details of experience, and a copy of the ID.

• Statement including companies or institutions that the candidate manage or own and carry out similar work to the company.

If the candidate has previously served of the Zain’s ksa Board and wishes to re-nominate himself, he must meet the requirements of paragraph 4.1.7 of the Policies, Standard & Procedures for Membership in Zain KSA Board and approved by the General Assembly

The Nomination and Remuneration Committee will be responsible for examining the submitted nomination requests in accordance with the Policies, Standard & Procedures for Membership in Zain KSA Board, which detailing the requirements that must be met in to become a Board member and the general criteria for selecting members of the Board of Directors, the company concluded.