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CLARIFICATIONS

This policy aims at the determining the criteria and procedures as regards candidacy for membership of the Company's Board of Directors pursuant to the provisions of Paragraph (D) of Article Ten of the Corporate Governance Regulation issued by the Capital Market Authority  under Resolution Number 1-212-2006 dated 21/10/1427 H corresponding to 12/11/2006, relevant to the basic functions of the Board that requires the Board to develop obvious and specific policies and criteria for the Board's membership and to put them into effect after their approval by the General Assembly.

Therefore, the Board of Directors recommends to the Ordinary General Assembly of the Company's shareholders to approve the policies, standards and procedures for the election of new members of the Company's Board of Directors.​

According to the attached format

  • Clarifications - In Arabic