Shams opens board membership nominations today

Tourism Enterprise Co. (Shams) opened the nomination process for board of directors’ membership for the upcoming three-year session, starting May 28, 2021.

Nominations start today, March 11, 2021, and will end on April 11, 2021, the firm said in a statement to Tadawul.

The nomination will be in accordance with the provisions of the Companies Law 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 approved by the general assembly of the shareholders.

The nominated members will be elected during the next general assembly, the date for which will be announced later, after obtaining necessary approvals from the competent authorities.