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Saudi Arabian Refineries Company (SARCO) announces the opening of the Board of Directors for its next session (2018-2021)
2017-12-31

Saudi Arabian Refineries Company (SARCO) is pleased to announce the opening of the Board of Directors for the next session starting from 01/05/2018 for a period of three years (30/04/2021). Shareholders wishing to nominate themselves to the Board of Directors for the course The new corporate governance system and the corporate governance regulations issued by the Capital Market Authority (CMA), as well as the list of policies, standards and procedures of membership in the Board of Directors approved by the Fifth Ordinary General Assembly Aoun has the right to apply for candidacy for the Company from Sunday 24/12/2017 until Wednesday 24/01/2018 Each shareholder is entitled to nominate himself or another person or more for membership of the Board of Directors within the limits of his percentage of ownership in the capital. knowing that the date of the next Ordinary General Assembly which will include the election of the members of the Board of Directors will be announced after taking the necessary procedures and taking the necessary approvals
:The application for candidacy shall include the following
P1: Submit a letter to the company including the application for candidacy with a definition of the candidate in terms of biography, qualifications and experience, especially in relation to the activities of the company 1-
P2: He has not been issued a judicial ruling affecting the honor and the Secretariat
P3: To be fully qualified by Sharia
P4: The candidate who has previously served on the boards of directors of any other joint stock companies shall submit a statement to each company that includes the period of membership and the number of sessions of each session and the percentage of his attendance
P5: If the candidate has already been a member of the Board of Directors of the Refineries Company, he must attach a statement from the company management about the last session in which he took the membership of the Board including the number of meetings of the Board of Directors that took place during the session and the number of meetings attended and the attendance rate, Participated in the membership and the number of meetings and the percentage of attendance
P6: Attach a clear copy of the civil status card or the commercial register of companies and institutions as well as the means of communication of the candidate and includes the mobile number and telephone number, fax and e-mail
P7: Fill out and sign Form No. (3) of the Capital Market Authority (CV form of the candidate for membership of the Board of Directors) and attach it with the application for candidacy, which can be obtained through the website of the Capital Market Authority www.cma.org.sa
Voting in the Ordinary General Assembly, to be set later on, shall be restricted to those who have nominated themselves for membership of the Council in accordance with those Rules. And who has been approved by the competent authorities
Applications and attachments shall be sent to the General Administration of the Company by express mail or hand handling at the company's headquarters. The attention of the Nomination and Remuneration Committee shall be submitted before the end of the date specified above, at the following address:
Adham Commercial Center, Al-Madiha Almonwra Road
PO Box 1113 Jeddah 21431
For further inquiries, please call (012) 6517016 ext. (25) or fax (012) 6518050 ext. (30)