| Element List | Explanation |
|---|---|
| Introduction | Saudi Company for Hardware (SACO) announces to its shareholders the opening of nomination for membership of the Board of Directors for the upcoming term, which will commence on 20-07-2026 and end on 19-07-2029 (for a period of three years). The candidates will be elected at the General Assembly meeting, the date of which will be announced later, in accordance with the provisions of the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, and the approved Board membership policies, standards, and procedures. |
| Type of Assembly | New Session |
| Term Start Date | 2026-07-20 |
| Term End Date | 2029-07-19 |
| Number of members | 9 |
| Nomination Start Date | 2026-03-30 Corresponding to 1447-10-11 |
| Nomination End Date | 2026-04-30 Corresponding to 1447-11-13 |
| Applications Submission Method | Nomination applications must be submitted in full during the Company’s official working hours, prior to the nomination closing date, by sending them to one of the following addresses: Saudi Company for Hardware (SACO) – Nomination and Remuneration Committee 1- Email: investors@saco-ksa.com 2- Company Location (Google Maps): https://maps.app.goo.gl/QbenSzDwJMLbmVbH6?g_st=ic , Riyadh, Al-Ma’athar Al-Shamali District, Prince Sultan bin Abdulaziz Street, SACO Head Office Building – Shareholder Affairs. |
| Policy and criteria of nomination | Nomination shall be carried out in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board membership policies, standards, and procedures, and the committees emanating therefrom, as approved by the General Assembly of the Company’s shareholders. The nomination application must be accompanied by all of the following documents: 1- A detailed curriculum vitae (CV) including qualifications and experience relevant to the Company’s business. 2- A signed written application submitted by the candidate declaring their desire to be nominated for Board membership, provided that the candidate has not previously been convicted of a crime involving dishonesty or had any decision issued against them by the Capital Market Authority or any regulatory or supervisory authority preventing them from being nominated to the boards of listed companies, as per the attached form, within the period specified in the announcement. 3- A clear copy of a valid national ID card, a copy of the family registry (for married applicants), a copy of the passport for non-Saudis, in addition to a copy of the commercial registration for legal entities wishing to nominate their representatives, along with a certified letter stating the name of their representative. 4- Completing and signing Disclosure Form No. (3) issued by the Capital Market Authority and attaching it to the nomination application, which can be obtained from the following CMA link: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx Voting in the General Assembly for the new Board term shall be limited to candidates who meet the conditions, controls, and criteria set out in this announcement, noting that cumulative voting will be used for the election of Board members. The Nomination and Remuneration Committee will review applications, and the final list of candidates will be announced upon inviting the General Assembly meeting. |
| 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 |
