| Element List | Explanation |
|---|---|
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-08-05 Corresponding to 1448-02-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Attach the Board of Directors Nomination Policy, Standards and Procedures in English |
| Financial Impact on the change | None |
| Attached Documents | Attached Documents |
Addendum Announcement from Saudi Arabian Mining Co. in regards to the opening of the nomination period for the board of director’s membership
AI Summary
- Saudi Arabian Mining Company (Maaden) established a revised Board of Directors Nomination Policy effective December 11, 2024, outlining specific criteria and procedures for board and committee appointments.
- Candidate eligibility requirements include professional competency, financial literacy, and a restriction against serving on more than five listed company boards concurrently.
- The policy mandates a minimum one-month nomination period following an announcement on the Saudi Exchange (Tadawul), with final directors elected by the General Assembly using cumulative voting.
- The company must notify the Capital Market Authority (CMA) of elected directors or any membership changes within five business days of the appointment or occurrence.
Attachments
