Alandalus Property Company opens candidacy for the membership of the Board of Directors for the next term

2020-11-19 15:35:01

Element ListExplanation
IntroductionAlandalus Property Company is pleased inform its honorable shareholders of the opening of candidacy for membership of its Board of Directors for the next term starting from 10/03/2021 to 09/03/2024 (three years). Candidates will be elected at the General Assembly meeting, date of which will be announced later after obtaining necessary approvals from the competent authorities, in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the policies, standards and procedures of the Board of Directors’ membership approved by the General Assembly of Alandalus Property Company.
Type of AssemblyNew Session
Assembly Start Date2021-03-10 Corresponding to 1442-07-26
Assembly End Date2024-03-09 Corresponding to 1445-08-28
Number of members9
Application Start Date2020-11-19 Corresponding to 1442-04-04
Application End Date2020-12-19 Corresponding to 1442-05-04
Applications Submission MethodCandidacy Submission means The candidacy application with attachments and CMA form must be submitted to the following address: Alandalus Property Company Attention: Candidacy and Remuneration Committee Email: IR@alnandalus.com.sa Or: PO box 260020 Riyadh 11342 For inquiries, please contact Investors Relations Department: 0114700735 – extension 888 – mobile: 0551135356
Application Requirements1- Meeting the requirements of the policies, standards, and procedures of the Company’s Board of Directors membership approved by the General Assembly held on 31/12/2017 (attached). 2- CV of the candidate stating his personal data, qualifications, and experience. 3- The candidate who previously held membership of the boards of any other joint stock companies must submit a statement for each company, including the membership period, number of meetings of each term, and his attendance rate. 4- The candidate who previously held membership of Alandalus Property Company Board of Directors must attach with the candidacy application a statement from the Company’s management about the last term in which he was a member of the Board, including the number of board meetings held in each year of the term, the number of meetings attended, and attendance rate, a statement of the permanent committees in which he held membership, number of meetings held by those committees, his attendance rate, with a statement of the financial results achieved by the company in each year of the term. 5- The candidate must complete and sign Disclosure Form No. (3) issued by CMA, and attach the same with the candidacy application. The candidacy form can be obtained via: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx 6- The candidate must attach copy of his ID card, family card (if married), or the commercial registration for the companies and establishments, and the candidate’s contact details, including phone, fax and e-mail. 7- Voting at the General Assembly, the date of which will be determined later, will be limited to candidates nominated for the membership of the Board of Directors in accordance with those rules, and the candidates approved by the competent authorities.
Candidate Conditions
Attached Documents