Al Khaleej Training and Education Company announces the opening of nominations for membership in the Board of Directors for the next session
| Element List | Explanation |
|---|---|
| Introduction | Al Khaleej Training and Education Company is pleased to announce the opening of nominations for membership in the company’s Board of Directors for the next session, which will begin on February 12, 2024, for a period of four years. The nomination will be in accordance with the provisions contained in the Companies Law and its Executive Regulations and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board of Directors membership policy approved by the General Assembly. Voting will take place to elect the nominated members at the next General Assembly meeting, the date of which will be announced later. Messrs. Those wishing to nominate themselves for membership in the Board of Directors, and who meet the conditions and qualifications for membership, must submit their candidacy applications within the period specified in the announcement and in accordance with the details contained in this announcement. |
| Type of Assembly | New Session |
| Assembly Start Date | 2024-02-12 Corresponding to 1445-08-02 |
| Assembly End Date | 2028-02-11 Corresponding to 1449-09-15 |
| Number of members | 7 |
| Application Start Date | 2023-10-15 Corresponding to 1445-03-30 |
| Application End Date | 2023-11-14 Corresponding to 1445-04-30 |
| Applications Submission Method | Complete nomination applications and their attachments must be submitted to the company before the end of the nomination period described above by sending them during official working hours to one of the following addresses: – 1. Al Khaleej Training and Education Company in Riyadh – Street No. 64 intersecting east with Olaya General Street, Building No. 9 behind Jarir Bookstore in Olaya District – p. Box 295300, Riyadh, postal code 11351 – Website link: https://bit.ly/2E701x2 Attention: Secretary of the Nominations and Remuneration Committee. 2. Send by email to the following: adel-amin@alkhaleej.com.sa For inquiries, you can contact the Secretary of the Nominations and Remuneration Committee – on phone number: 011-4623260, extension 1593- or by email shown above. |
| Application Requirements | The candidate must fulfill the conditions for candidacy for membership in the Board of Directors contained in the attached membership terms and standards list and fill out applications and forms in both Arabic and English according to the following: – 1. Submit a written application signed by the candidate explicitly declaring his desire to run for council membership according to the form (attached) within the period specified in the announcement. 2. Fill out Disclosure Form No. (1) CV. (Attached) 3. 3. Fill out and sign Disclosure Form No. (3) issued by the Capital Market Authority (attached). The form can be obtained through the Authority’s website www.cma.org.sa. 4. Attach a detailed CV that includes qualifications and experience in the company’s field of business. 5. Attach a clear and valid copy of the national ID card and a copy of the resident ID or passport for non-Saudis, 6. 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 continues to serve. 7. A statement of the companies or institutions in which he participates in management or ownership and which conduct business similar to the company’s business. 8. If the candidate has previously served as a member of the Board of Directors of Al Khaleej Training and Education Company, he must attach to the nomination application a statement from the company’s management for the last session in which he served as a member of the Board, including the following information: – The number of Board of Directors meetings that took place during each year of the term, the number of meetings that the member attended in person, and his attendance percentage to the total number of 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 percentage of his attendance to the total number of meetings. 9. The status of membership must be clarified, i.e. whether the applicant is an executive member, a non-executive member, or an independent member
The Nominations and Remuneration Committee will study the applications received by the candidates in accordance with the approved policies and standards, noting that voting in the General Assembly will be limited to those who nominated themselves for Board membership in accordance with the controls and standards set forth in the list of conditions and standards for membership in the Board of Directors attached to this announcement. Cumulative voting will be used to elect members of the Board of Directors. |
| Candidate Conditions |  |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
