| Element List | Explanation |
|---|---|
| Introduction | Middle East Pharmaceutical Industries Co. announces the opening of nomination for the Company’s Board of Directors’ membership for the next four-year term to select five members, provided that they include at least two independent members in accordance with the definition of the Independent Director stipulated in the Corporate Governance Regulations issued by the Capital Market Authority. The nomination for membership on the Board of Directors for the next term will be in accordance with the provisions outlined in the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, and the Company’s Board of Directors’ Membership Policies and Standards (attached), which have been approved by the General Assembly. The selection of the nominated members for the new term will take place at the General Assembly Meeting, which will be announced later after obtaining the necessary regulatory approvals from the competent authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2026-04-16 |
| Term End Date | 2030-04-15 |
| Number of members | 5 |
| Nomination Start Date | 2026-01-04 Corresponding to 1447-07-15 |
| Nomination End Date | 2026-02-02 Corresponding to 1447-08-14 |
| Applications Submission Method | Nomination applications will be received from shareholders wishing to nominate themselves or another person or more for the Board of Directors membership, who meet the conditions and qualifications for membership, after completing all the required attachments and forms electronically, as referred to in the Company’s Board of Directors’ Membership Policies and Standards, and these forms must be submitted in Arabic or English (attached). Nomination applications, including all attachments and the forms, shall be sent to the email address below: nrc@avalon.com.sa We are pleased to receive your inquiries or comments by contacting our Investor Relations Department through: Tel: (+966) 118365000 - 3374 E-mail: investor.relations@avalon.com.sa |
| Policy and criteria of nomination | First: Nomination Conditions: Considering the Company’s Board of Directors’ Membership Policies and Standards, which have been approved by the General Assembly (Attached). Second: Nomination requirements: To ensure the acceptance of the nomination application, all the Company’s requirements and standards for nomination must be fulfilled, and all required attachments and forms must be completed electronically, as referred to in the Company’s Board of Directors’ Membership Policies and Standards. These forms must be submitted in Arabic or English. |
| Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange | Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange |
| Attached Documents | Attached Documents Attached Documents |