City Cement Announces opening of Nomination for membership of BOD

City Cement Company (the Company) announced on Tuesday to its respected shareholders the nomination opening for the membership of its board of directors in its new term commencing 19 June 2022 for a three-year term ending on 18 June 2025.

The nomination process will be in accordance with the provisions of the Saudi Companies Law and its implementing regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the company’s bylaws and the company’s policies, Standards and Procedures for City Cement Company Board of Directors Membership & Competition Business Standards approved by the assembly general meeting.

Every shareholder has the right to nominate himself for membership of the Board of Directors, in accordance with his ownership in the company’s capital and the regulations issued by the competent authorities. The nominee is requested to submit his nomination application during the specified period for nomination and in accordance with the conditions and controls mentioned above along with controls and forms attached hereto.

The new board will be elected for the new session during the next general assembly meeting, which will be announced according to the related procedures and after obtaining the necessary approvals from the competent authorities to hold the meeting. Voting in the general assembly that will elect the members for the new session using cumulative voting will be limited to those who nominated themselves according to the controls and criteria and per the forms used for the nomination.

Type of Assembly is new session. The Assembly start date is19.06.2022. The Assembly end date is19.06.2025. The number of members is 7. The Application start date is05.04.2022.The Application end date is 05.05.2022.

Nominations, attachments and forms are sent below during the specified nomination period through the following options:

1. Hand-handled delivery at the company’s headquarters with confirmation of receipt by the company.
2. The company’s address on Wasel , no. (6775) Riyadh – Al Alia District – Takhassusi St Postal code (12331) Secondary no. (3712) to arrive the company before the date (05.05.2022).

In accordance with the conditions, controls and requirements contained in the Companies Law, the Corporate Governance Regulations and the registration and listing rules issued by the Capital Market Authority and in accordance with the policies, criteria and Policies, Standards and Procedures for City Cement Company Board of Directors Membership & Competition Business Standards.

With the Nominee to kindly:

1. Submit a signed application for board membership
2. Submit a CV Form (1) filled out in both Arabic and English
3. Submit a filled and signed copy of form No. (3) issued by the Capital Market Authority for nomination to membership of the Board of Directors
4. Share a clear copy of the personal identity card, the family identity card and passport copy for individuals, and the commercial registration for companies.
5. Ensure all forms are completed and signed by the nominee, as incomplete applications will not be considered.