Scientific & Medical Equipment House company announces the opening of nomination for membership of the Board of Directors for the next session, which starts from 26-07-2023 AD and for a period of three Gregorian years ending on 25-07-2026 AD in accordance with the conditions, controls and requirements contained in the Companies Law issued by the Ministry of Commerce and Investment and Corporate Governance Regulations issued by the Capital Market Authority, policies, standards and procedures for membership in the Board of Directors of the company approved by the General Assembly (attached), in accordance with the applicable legal conditions, controls and procedures in this regard, noting that the members of the Board of Directors will be elected for its new session during the next meeting of the General Assembly, the date of which will be announced later after obtaining the necessary approvals from the competent authorities.
Type of Assembly
New Session
Assembly Start Date
2023-07-26 Corresponding to 1445-01-08
Assembly End Date
2026-07-25 Corresponding to 1448-02-11
Number of members
6
Application Start Date
2023-05-28 Corresponding to 1444-11-08
Application End Date
2023-06-27 Corresponding to 1444-12-09
Applications Submission Method
The nomination application and its attachments shall be sent to the attention of the Nominations and Remunerations Committee in one of the following ways:
1- Email: ali.muhammad@smeh-ksa.com
2- Registered mail: Scientific & Medical Equipment House company, Riyadh City - Al Mutamarat District - King Fahd Branch Road, P.O. Box 1584 Postal Code 12711 Building No. 7896 Additional No. 4222 Unit No. (555) - Region: Central - City: Riyadh.
3- Delivery is handled by the Secretariat of the Board of Directors at the Company’s headquarters in Riyadh, during the official working hours of the Company from Sunday to Thursday from 8 am until 6 pm, at the site shown in this link:
https://maps.app.goo.gl/vDTUhsX8bsjkCwDe8?g_st=ic
To communicate with the Shareholders Relations Department on the phone number (0114646699) ext. (580) or the mobile number (0580065899) during the company's official working hours from Sunday to Thursday from 8 am until 6 pm.
Application Requirements The candidate must fulfill the conditions for nomination for membership of the Board of Directors contained in the relevant rules and regulations according to the following:
1- Submitting a letter addressed to the Company’s Nominations and Remunerations Committee stating their desire to run for nomination within the specified period of one month from the opening of the nomination (attached).
2- Submitting a statement containing the names of the joint-stock companies of which they are a member of their boards of directors.
3- Submitting a statement of the companies or establishments in which they participate in management or ownership, and which carry out business similar to the Company's business.
4- Disclosure to the Board of Directors and the General Assembly of any cases of conflict of interest - in accordance with the procedures established by the Capital Market Authority - including:
• The existence of any direct or indirect interest in the business and contracts that are made for the Company.
• Their participation in a business that would compete with the Company, or compete with it in one of the branches of the activity it is engaged in.
5- Submitting a statement of the number and date of (sessions) of the boards of directors of the companies in which they assumed membership if they had previously held membership of the board of directors of a joint-stock company, but if they had previously held membership of the Company’s board of directors in previous sessions, they must attach a statement of (number of meetings) of the last session they participated in, in addition to the meetings of the committees they were a member of.
6- Submitting a signed copy of Form No. (3) issued by the Capital Market Authority for nomination of the Board of Directors (attached). It can be obtained from the forms section of the Capital Market Authority website www.cma.org.sa.
7- Submitting Form No. (1) CV in Arabic and English (attached).
8- A clear and valid copy of the national ID for individuals, a copy of the commercial register for companies and institutions, and the candidate's contact numbers must be attached to the nomination application.
9- An acknowledgment by the candidate that he meets the criteria for membership and is willing to carry out his duties and responsibilities. (attached)
The Nominations and Remunerations Committee will study the applications of the candidates received, knowing that voting in the General Assembly will be limited to those who have nominated themselves for membership of the Board in accordance with the controls and criteria described in the policies, criteria and procedures for membership in the Board of Directors.
Please note that any application that does not meet the attached conditions will not be considered.
