Care opens candidacy for BOD membership

National Medical Care Co. announces the opening of the nomination for membership of its board of directors for the next session, which starts from September 15, 2022 and until September 14, 2025 (for a period of three years). The nominations will be in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority in addition to the policy of criteria and procedures for membership in the Board of Directors approved by the General Assembly. The nominated members will be elected at the next General Assembly meeting, whose date will be announced later, the necessary approvals from the concerned authorities.

Application Requirements:

In accordance with the conditions, controls and requirements contained in the Companies Law, the Corporate Governance Regulations and related regulations, the policies, standards and procedures for membership in the Board of Directors of the National Medical Care Company (attached), including the following:

• The candidate should not have been previously convicted of a crime against honor and honesty.
• The candidate should not be a member of the board of directors of five joint stock companies listed in the financial market at the same time.
• He should not be a member of the board of directors or work in a competing company.
• The candidate shall not have any interest or participate in any business that would compete with the company in its activities unless he obtained a license from the Ordinary General Assembly in accordance with the regulations set by the competent authority.
• The candidate should have the ability to effectively communicate and think strategically and have sufficient time to carry out the duties and responsibilities of the membership of the Board of Directors.
• To take into account the diversity of scientific qualifications and practical experience in forming the board of directors to achieve efficiency and effectiveness in enriching discussions on the topics presented to the board.
• The candidate should not have a ban on working in joint stock companies by the financial market regulators.
• Compliance with the provisions of the laws, regulations and instructions in force.

The company’s shareholders who wish to nominate themselves or others within the limits of their ownership percentage of the membership of its board of directors who meet the conditions and qualifications of membership in the system, are kindly requested to submit their candidacy applications to the company at the company’s address during official working hours or by e-mail, and the nomination application must include the following:

• Submitting an application for candidacy for membership of the Board of Directors signed by the applicant
• The candidate must fill out Form 3 issued by the Capital Market Authority in both Arabic and English. You can also obtain the form through the Authority’s website www.cma.org.sa.
• The candidate must fill out Form 1 in both Arabic and English (attached).
• A statement of the number and date of the candidate’s membership in the boards of directors of joint stock companies and the current committees of which he has been a member.
• A statement of the names of the joint stock companies in which the candidate is still a member.
• A statement of the names of companies and institutions that the candidate participates in managing or owned and that carry out business similar to the company’s.

If the candidate has previously held the membership of the Board of Directors of the National Medical Care Company, he must attach this to the nomination notification from the company’s management for the last term in which he became a member of the Board, including the following information:

• The number of board meetings that took place during each year of the session, the number of meetings attended by the member, and the ratio of his attendance to the total meetings.
• The permanent committees in which the member participated, the number of meetings held by each of those committees during each year of the session, the number of meetings he attended, and the ratio of his attendance to the total meetings