‎“Waga” opens nominations for BOD membership ‎

Waja Company announced the opening of nominations for membership in the Board of Directors for the next session, starting March 24, 2024, for a period of four years, to elect four members.

Nomination for membership in the Board of Directors for the next session shall be in accordance with the provisions contained in the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the policies, standards and procedures for membership in the Board of Directors, noting that nomination begins today and ends on January 31, 2024.

The members of the Board of Directors will be elected for the next session during the next General Assembly meeting, the date of which will be announced later, after obtaining the necessary approvals from the relevant authorities.

Nomination conditions:

‎1. Fulfilling the standards contained in the approved policy and standards for membership in the Board of Directors

‎2. The nominated member must not hold membership in more than five listed joint stock companies at the same time

Second: Requirements for candidacy for membership in the Board of Directors

Submit the nomination application within the period specified in the announcement to the Chairman of the Board of Directors, and all the following documents must be attached to the nomination application:

• Complete and sign the company’s form
• Complete Form No. (1) CV

Completing and signing Form No. (3) issued by the Capital Market Authority to nominate for membership in the Board of Directors.

The candidate’s CV, including information about his profession, the primary position he currently holds, and his qualifications and experience in the company’s field of business.

• Attach a statement of the number and date of his membership in the boards of directors of joint-stock companies, and the committees of which he served or is still a member.

Attaching a statement of the companies or institutions in which he participates in management or ownership and that conduct business similar to the company’s business, and disclosing any cases of conflict of interest – in accordance with the procedures established by the Authority – including:

A- The existence of any direct or indirect interest in the business and contracts carried out on behalf of the company.

B- His participation in work that would compete with the company, or compete with it in one of the branches of activity that it practices.

A clear copy of the national ID (residency or passport for non-Saudis), including the candidate’s contact numbers.

All documents and certificates supporting what was stated in the candidacy application in Arabic

According to the statement published on “Tadawul”, the company will study the applications of candidates received by it, noting that voting in the General Assembly of the new session of the Board will be limited to candidates who meet the conditions, controls and standards described in this announcement, noting that cumulative voting will be used to elect members of the Board of Directors.