SABIC Agri-Nutrients opens nominations for board membership today

Logo of SABIC Agri-Nutrients

SABIC Agri-Nutrients Co., formerly Saudi Arabian Fertilizer Co. (SAFCO), opened today, Jan.6, nominations for the board membership for the vacant seat created after Article 17 of the company’s bylaw was amended to ensure eight board members.

The nomination is for the current term, which started March 29, 2020, and will end March 28, 2023, the company said in a statement to Tadawul.

The nomination will be in accordance with the provisions of the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority (CMA), in addition to the board membership policy approved by the ordinary general assembly.

Interested candidates can submit an application to the remuneration and nominations committee.

The nominated member will be elected during the next general assembly meeting, the date for which will be announced later, the statement added.

On Nov. 18, 2020, company’s shareholders approved amending bylaws related to the company’s name, capital, shares subscription, debt instruments, financing bonds, management, board powers and general assembly meetings, according to data available with Argaam.