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CLARIFICATIONS

The purpose of this policy is to determine the criteria and procedures for use in considering potential nominees for Company's Board of Directors pursuant to the provisions of Article 10, Paragraph (D), 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 core functions of the Board that requires the Board to develop clear 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 on the Company's Board of Directors.​

According to the attached format

  • Clarifications - In Arabic