| Element List | Explanation |
|---|---|
| Introduction | Saudi Enaya Cooperative Insurance Co is pleased to announce to its honorable shareholders the opening of nominations for membership of the Board of Directors of the company has been opened for (sixth) term , which begins its work starting from January 8, 2027 AD and ends on January 7, 2031 AD for 4 years, provided that the candidates will be elected in the General Assembly meeting, which will be announced later after Obtaining the necessary approvals from the competent authorities, in accordance with the controls stipulated in the Company’s Bylaws, the Corporate Governance Regulations issued by the Capital Market Authority, and the policies, standards and procedures for membership in the company's Board of Directors. |
| Type of Assembly | New Session |
| Term Start Date | 2027-01-08 |
| Term End Date | 2031-01-07 |
| Number of members | 8 |
| Nomination Start Date | 2026-08-06 Corresponding to 1448-02-23 |
| Nomination End Date | 2026-09-05 Corresponding to 1448-03-23 |
| Applications Submission Method | The nomination application should be submitted to Saudi Enaya’s Management and to the Nomination and Remuneration Committee, and to be sent to the following address: Jeddah - Prince Sultan Street - Khalidiya District - Ben Suleiman building Or directly to this email: 2027Nomination@saudienaya.com |
| Policy and criteria of nomination | The following are the policy and criteria for nomination: (for more details on the process, please refer to the Nomination Policy for Membership of the Board of Directors Policy attached). 1. The candidate should have sufficient experience, honesty and high managerial skills that contribute to enhancing the Company's leading role. 2. The candidate should not be a member of a board of directors, a member of a board sub-committee, or occupy any of the leading positions in another Saudi insurance and/or reinsurance company or any entities regulated by the Saudi Insurance Authority 3. Obtaining a non-objection from the insurance Authority’s is a condition to accept the nomination. 4. The candidate should not have previously been convicted of a crime against honor or trust. 5. The candidate should not be insolvent or bankrupt. 6. The candidate must not have engaged in illegal behavior in financial markets or business. 7. The candidate must not be a member of more than five joint stock companies listed in Saudi market. 8. The candidate has suitable educational and practical experience. 9. The candidate must be in compliance with the provisions of the applicable rules, regulations and instructions. 10. The candidate has enough time to work. 11. Nomination Requirements: a. Application for Nomination form. b. Personal information form c. Candidate CV in Arabic and English d. Fit and Proper Form e. Copies of Academic Certificates f. Valid Copies of National ID/Residence Permit g. Valid Copies of Passport h. Prof of address / national address prof. |
| 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 Attached Documents |
Saudi Enaya for Cooperative Insurance Company announces the start of the nomination period for membership of the Board of Directors for the upcoming term 2027 to 2031 AD.
AI Summary
- Saudi Enaya Cooperative Insurance Co. has opened nominations for membership in its Board of Directors for the upcoming four-year term.
- The new board session (sixth term) is scheduled to begin on January 8, 2027, and conclude on January 7, 2031.
- Candidates will be elected during a future General Assembly meeting, the date of which will be announced following necessary regulatory approvals.
