Osool & Bakheet Investment Company announces the opening of nomination period for the board of directors membership for the next term.

Introduction:

Osool & Bakheet Investment Company announces the opening of nominations for membership on the company’s Board of Directors for the upcoming term, which will commence on December 27, 2024, and will last for four years.

Interested individuals who meet the qualifications and criteria for board membership are invited to submit their nomination applications within the period specified in this announcement and in accordance with the details provided.

Nominations will be conducted in accordance with the provisions of the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, and the policies, criteria, and procedures for board membership approved by the company’s General Assembly of Shareholders.

Your submission of the application is an acknowledgment that you have reviewed all relevant regulations, rules, and policies.

Assembly Start Date: 27-12-2024

Assembly End Date: 2028-12-26

Application Start Date: 5-11-2024 Corresponding to 1446-5-3

Application End Date: 19-11-2024 Corresponding to 1446-5-17

Number of members: 6

Policy and criteria of nomination:

Nominations will be following the provisions regulating membership of the Board of Directors stipulated in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the company’s bylaws and the policy, standards, and procedures for membership of the Board of Directors approved by the General Assembly (attached1).

Also, the following conditions must be fulfilled:

1. Filling in and signing attached Nomination form for Board of directors’ membership. (attached2)
2. Filling in and signing the attached CV forms approved by the Capital Market Authority (Attachment 3) and (Attachment 4).”
3. Filling in and signing the attached independence form (Attachment 5).
4.  Clear copy of valid national identity card of the Saudi individual nominee, the family register, and the passport (for non- Saudis), In addition, provide the nominee contact numbers and a personal photograph.
5. Filling in and signing any additional forms, information or documents specified by the regulatory or supervisory authorities or the Company

Applications Submission Method:

Please ensure that all nomination requests, attachments, and the mentioned forms are sent before the end of the nomination period specified in the announcement, during official working hours (from 8:30 AM to 5:00 PM), either via the following email:

SAS@obic.com.sa

or delivered in person to the company at the following address: Riyadh, King Fahd Road, Bahrain Tower (mezzanine Floor).

If you have any inquiries, please contact us at phone number

 4191797 -011, extensions 207 / 202.

Attachments;

Attached 1 – Attached 2 – Attached 3 – Attached 4 – Attached 5