Adeer Real Estate Co. announces the opening of the nomination period for the board of director’s membership

Please note that the nomination for membership of the Board of Directors will be conducted in accordance with the provisions stipulated in the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority (CMA), in addition to the Company’s Articles of Association and the Policy, Criteria, and Procedures for Board Membership.

Those wishing to nominate themselves for membership of the Board of Directors, and who meet the membership criteria and conditions are kindly requested to submit their nomination applications within the specified period and in accordance with the details set forth in this announcement.

The nominated members will be elected during the upcoming General Assembly meeting, the date of which will be announced later, God willing, after obtaining the necessary approvals from the competent authorities.

Or hand-delivered to the Secretariat of the Board of Directors at the Company’s head office located in Al Khobar city – Al Yarmouk district – Prince Turki Street – Sumou Tower – Sixth Floor No. 6140 – during official working hours. For inquiries, please communicate on the telephone 0138878888 – extension 205."

The candidate must also submit the following requirements within the period specified in the announcement:

1- Fulfill the requirements set out in the Policy, Criteria, and Procedures for Board Membership (Attached).

2-Submit a signed letter addressed to the Company expressing his/her desire to nominate himself/herself for membership of the Board of Directors during the announcement period specified above, provided that the letter is accompanied by the candidate's CV, qualifications, and experience relevant to the Company's business activities (Attached).

3- Submit Form No. (1) "Curriculum Vitae (CV)" issued by the Capital Market Authority (CMA) in both Arabic and English, including all required data (Attached).

4- Submit a signed copy of CV Form No. (3) issued by the Capital Market Authority (CMA) for Board of Directors membership candidacy in both Arabic and English (Attached).

5- Attach to the nomination application a clear and valid copy of the National Identity Card, Family Registry (if applicable), Passport for non-Saudis, and any other relevant documents requested by the Company to satisfy regulatory authority requirements.

6- Review the applicable laws and regulations, including the attached Board Membership Criteria Policy, and ensure compliance with them; the candidate shall bear full responsibility for doing so.

Please note that any application that does not meet the attached conditions will not be considered.

Furthermore, the Remuneration and Nominations Committee will take into account the diversity of academic qualifications and practical experience of the candidates during the evaluation process, giving priority to individuals with the appropriate skills required for a Board member. Voting in the General Assembly will be restricted to candidates who have nominated themselves in accordance with the rules and requirements mentioned above.