| Element List | Explanation |
|---|---|
| Introduction | Jazan Development and Investment Company announces the opening of nominations for membership in the company's Board of Directors for the next session, which will start its work, God willing, on April 13, 2025 for a period of four years and end on April 12, 2029. Candidates who wish to run for membership on the Board of Directors and meet the membership conditions and provisions, are requested to submit during the assigned duration based on the details included in this announcement. Nomination will be in accordance with the Corporate Governance Regulations issued by Capital Market Authority in addition to the policy of criteria and procedures for membership in the Board of Directors approved by the General Assembly. The nominated members will be elected in the next General Assembly meeting, which will be announced later after having the necessary approvals from the concerned authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2025-04-13 |
| Term End Date | 2029-04-12 |
| Number of members | 7 |
| Nomination Start Date | 2025-01-12 Corresponding to 1446-07-12 |
| Nomination End Date | 2025-02-12 Corresponding to 1446-08-13 |
| Applications Submission Method | The applications with all required attachments shall be sent to the Secretary of Nomination and Remuneration Committee in Jazan Development and Investment Company via the following e-mail (ir@jazadco.com.sa), the registered mail, or hand delivery at the company’s head office at the following address:
Jazan Development and Investment Company, Prince Mohammed bin Nasser Street, Ash Shoti Dist., Building No. 3177, Additional No. 6410, Postal Code 82812, Jazan, Saudi Arabia.
For more information, please call number (0173222162) EXT (5001) |
| Policy and criteria of nomination | Each shareholder has the right to nominate themselves or another shareholder or more for membership on the Board of Directors, provided that the nominee meets the membership requirements outlined in the relevant regulations and guidelines, as well as the conditions and criteria for membership according to the Board Membership Policy (attached), along with completing the following requirements:
- Submit the notification form indicating the nominee's intent to nominate themselves for membership on the Board of Directors in Arabic and English. (attached)
- Submit Form No. (1) and Form No. (3) issued by the Capital Market Authority in Arabic and English. (attached)
- Attach all documents related to the nomination application for membership on the Board of Directors. |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |  |
| Attached Documents | |
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