| Element List | Explanation |
|---|---|
| Introduction | Hedab Alkhaleej Trading Co. is pleased to announce to its shareholders the opening of the nomination period for membership of the Company’s Board of Directors for the upcoming term, commencing on 22 August 2026G for a period of four Gregorian years and ending on 21 August 2030G. The members of the Board of Directors will be elected from among the candidates who meet the required conditions at the Company’s General Assembly Meeting, the date of which will be announced later after obtaining the necessary approvals from the competent authorities. |
| Type of Assembly | New Session |
| Term Start Date | 2026-08-22 |
| Term End Date | 2030-08-21 |
| Number of members | 5 |
| Nomination Start Date | 2026-05-18 Corresponding to 1447-12-01 |
| Nomination End Date | 2026-06-17 Corresponding to 1448-01-02 |
| Applications Submission Method | Shareholders wishing to nominate themselves for membership of the Board of Directors must submit their nomination applications to the Company, addressed to the Nomination and Remuneration Committee, within the specified nomination period. Nomination applications, after completing all required documents and forms, shall be submitted to the Nomination and Remuneration Committee via the following email: Nrc@hkc-sa.com |
| Policy and criteria of nomination | The candidate must meet the conditions for nomination to the Board of Directors as stipulated in the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board Membership Criteria Policy and the Selection and Appointment of Executive Management Policy approved by the Company’s General Assembly and attached to this announcement. The nomination application must include the following: 1. A written application signed by the candidate, declaring his/her desire to be nominated for membership of the Board of Directors during the nomination period specified in this announcement, together with all required documents and supporting materials. (Attached) 2. Form No. (1) for the curriculum vitae in both Arabic and English, provided that the Company is supplied with a complete signed copy in PDF format and an electronic copy in Word format identical to the signed copy. (Attached) 3. Disclosure Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors, provided that the Company is supplied with a complete signed copy in PDF format and an electronic copy in Word format identical to the signed copy. (Attached) 4. A clear and valid copy of the national ID card, a copy of the family card, a copy of the passport for non-Saudis, and any other relevant documents required by the Company to satisfy the requirements of the regulatory authorities. 5. All forms and documents must be complete and signed by the applicant. Any incomplete application or application that does not satisfy the requirements referred to above will not be considered. The Nomination and Remuneration Committee will verify that candidates satisfy the membership requirements and conditions in accordance with the applicable policies and relevant laws and regulations. Voting at the General Assembly for the upcoming term shall be limited to candidates who meet the conditions, controls, and criteria for membership of the Board of Directors. Board members will be elected by cumulative voting during the General Assembly Meeting of shareholders, which will be announced later after completing the required regulatory approvals from the competent authorities. Voting at the General Assembly shall also be limited to candidates for Board membership whose information has been announced by the Company in accordance with paragraph (a) of Article (8) of the Corporate Governance Regulations. |
| 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 |
Hedab Alkhaleej Trading Co. announces the opening of the nomination period for the board of director’s membership
AI Summary
- Hedab Alkhaleej Trading Co. is opening the nomination period for five seats on its Board of Directors for a four-year term beginning August 22, 2026, and ending August 21, 2030.
- The nomination period begins on May 18, 2026, and concludes on June 17, 2026.
- Candidates must submit applications and required documents, including CV Form No. 1 and CMA Disclosure Form No. 3, via email to the Nomination and Remuneration Committee (Nrc@hkc-sa.com).
- Board members will be elected by cumulative voting at a forthcoming General Assembly meeting, the date of which will be announced following regulatory approval.
