AI Summary
| Element List | Explanation |
|---|---|
| Introduction | Sahara International Petrochemical Company (Sipchem) is pleased to announce to its shareholders, the opening of nominations for membership of its Board of Directors for the term starting from December 10, 2025G and ending on December 9, 2029G (4 years). The candidates will be elected at the General Assembly meeting, which will be announced later after obtaining the necessary approvals from the competent authorities. This is in accordance with the rules and procedures stipulated in the Companies Law, CMA Corporate Governance Regulations issued by the Capital Market Authority and the policies, standards and procedures of membership of the Board of Directors of Sipchem approved by the Ordinary General Assembly. |
| Type of Assembly | New Session |
| Term Start Date | 2025-12-10 |
| Term End Date | 2029-12-09 |
| Number of members | 11 |
| Nomination Start Date | 2025-08-01 Corresponding to 1447-02-07 |
| Nomination End Date | 2025-08-31 Corresponding to 1447-03-08 |
| Applications Submission Method | Submission of nomination forms and required forms to the Nomination and Remuneration Committee through the Governance and Shareholders Affair Department during official working hours (from 7:30 am to 4:00 pm), as follows:
-By e-mail: Shareholders@sipchem.com -Or By delivery to address: Sahara International Petrochemical Company (Sipchem), Sipchem Building, Al Khobar, Al-Hada District, King Saud Bin Abdulaziz Road. By mail: PO Box 130 Khobar 31952. For inquiries, please contact the Governance and Shareholders Affair Department on Phone: 966 133567148 966 138019396 |
| Policy and criteria of nomination | First: Nomination Conditions:
Considering Sipchem policies, standards and procedures of membership in the Board of Directors approved by the Ordinary General Assembly resolution on 19/12/2017 (attached). Second: Nomination requirements • Biography, qualifications and previous and current scientific experience. • Fill the CV form of the candidate for the membership of the Board of Directors of a listed joint stock company No. (3) of the Capital Market Authority and can be obtained from the website of the Capital Market Authority https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx (attached). • Candidate must clarify the status of membership (executive member, non-executive member or independent member). • The candidate should disclose any conflict of interest that includes a. The existence of a direct or indirect interest in the works and contracts made for the Company's account b. Participating in work that would compete with the company or compete in one of the branches of the activity. • Clear copy of the National Identity card, family register for individuals, commercial register of companies and institutions, and contact details of the candidate. • The candidate who has previously served as a member of the board of directors of a joint stock company shall indicate the number and date of the boards of directors of the companies for which he is a member. • A statement of the shareholding companies that he still holds membership. • Submit a signed copy of form No. (1) Curriculum vitae in Arabic and English (attached) |
| 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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