| Element List | Explanation | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Introduction | East Pipes Integrated Company for Industry is pleased to announce to its honourable shareholders the opening of nominations for membership of the Board of Directors for the upcoming term, which will commence on September 21, 2025, for 4 years and conclude on September 20, 2029.
Nominations for membership of the Board of Directors shall be in accordance with the provisions of the Companies Law issued by Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority (CMA), in addition to the Company’s Articles of Association and Board Membership Standards and Procedures Policy (attached). Those wishing to run for membership of the Board of Directors, who meet the membership requirements and qualifications, must submit their nomination applications within the specified period and in accordance with the details stated in this announcement. The nominated members will be elected at the upcoming General Assembly meeting, the date of which will be announced later after obtaining the necessary approvals from the relevant authorities. |
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| Type of Assembly | New Session | ||||||||
| Term Start Date | 2025-09-21 | ||||||||
| Term End Date | 2029-09-20 | ||||||||
| Number of members | 8 | ||||||||
| Nomination Start Date | 2025-05-12 Corresponding to 1446-11-14 | ||||||||
| Nomination End Date | 2025-06-15 Corresponding to 1446-12-19 | ||||||||
| Applications Submission Method | Nomination applications will be accepted through:
Email: Nomination@eastpipes.com (The size of each email should not exceed 6 MB) With the subject: Application for Board Membership. Kindly complete the attached Curriculum Vitae Form No. (1) in both Arabic and English. |
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| Policy and criteria of nomination | The nomination will be in accordance with the provisions governing membership of the Board of Directors stipulated in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Company’s Articles of Association, and Board Membership Standards and Procedures Policy (attached). The Nominee shall submit the following requirements during the specified announcement period:1. Fulfilment of the general conditions for Board of Directors membership and the candidacy requirements stated in the Board Membership Standards and Procedures Policy. (Attached) 2. Completion of the candidacy application letter for membership in the Board of Directors within the period specified in the announcement, along with all required documents. (Attached) 3. Submission of a signed copy of Resume Form No. (3) for candidates for membership in the Board of Directors of a joint-stock company, issued by the Capital Market Authority. (Attached) 4. Submission of Resume Form No. (1). (Attached) |
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| 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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