Jarir announces the opening of nomination for its Board of Directors

30/12/2012 09:01 AST

Jarir Marketing Company (JMC) is Pleased to announce the opening of nomination for its Board of Directors membership for the new session (for a period of three (3) years starting from the date of the General Assembly Meeting which will be announced upon getting the approval from Ministry of Commerce).

Eligible shareholders who are willing to run for membership of the Board of Directors and own or representing companies that own shares with nominal value not less than (SR 10,000), can submit application to the attention of the chairman at the below-mentioned address not later than the end of working day of Wednesday, 18/03/1434H corresponding to 30/01/2013G , taking into consideration the terms and conditions mentioned in the Ministry of Commerce and Industry circular No. 222/9362/3245 dated 18/06/1412H and circular No. 222/205/3800 dated 26/12/1420H as well as the Corporate Governance Regulations issued by Capital Market Authority (CMA), application request must include the following:

1.A resume of nominee containing qualifications and experience related to the business of the Company.

2.Nominees whom served as Board Members in Joint Stock Companies must submit a record showing the numbers and the dates of the meetings attended in the board of directors meetings and permanent committees.

3.A record of joint stock companies that he is still a member therein and the status of membership.

4.A record of companies or institutions in similar line of business that he is managing or has an interest therein either direct or indirect.

5.If the nominee was previously a member of the Board of Directors of Jarir Marketing Company, the application must be accompanied with a statement from the company for the last session of his membership includes the following information:

a.Number of Board of Directors meetings that has been held during each year of session, and the number of meetings he attended personally in relation to the total number of meetings.

b.Permanent committees which he was a member therein, number of meetings held by every committee, number of meetings he attended and percentage of attendance.

c.A summary of financial results achieved by the company during each year of the session.

6.Voting in General Assembly will be limited to nominees meeting the above mentioned criteria according to the regulations of the Ministry of Commerce and whom approved by the concerned authorities.

7.Filling the circular form of the Ministry of Commerce No. (3800) dated 26/12/1420H that can be obtained from the company.

8.Filling the CMA Form No. (3) that can be obtained from the company or through CMA web site (http://www.cma.org.sa ) .

Please note that the General Assembly meeting will take place after getting approval from the concerned authorities.

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