Qassim Cement Company announces the opening of the nomination period for the board of directors’ membership for the next term
Qassim Cement Company announces the opening of candidacy for membership of the Board of Directors of the company, for the next four-year term starting from 01st January 2025 and ending on 31st December 2028.
Candidates who are willing to apply for membership, who meet the requirements and qualifications for membership, must submit their candidacy applications within the period specified in the announcement and in accordance with the details mentioned in this announcement.
The Nomination shall be applied in accordance with the provisions of the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, and the policies standards and procedures of the Board of Directors membership approved by the General Assembly. The nominated candidates will be elected at the next extraordinary General Assembly meeting of the company, which will be announced later after obtaining the necessary approvals from the competent authorities.
| Type of Assembly | New Session |
| Term Start Date | 2025-01-01 |
| Term End Date | 2028-12-31 |
| Number of members | 11 |
| Nomination Start Date | 2024-10-06 Corresponding to 1446-04-03 |
| Nomination End Date | 2024-11-07 Corresponding to 1446-05-05 |
| Applications Submission Method |
Candidacy applications and its attachments shall be sent to the Nomination and Remuneration Committee at the e-mail: bod.sec@qcc.com.sa (or) to the postal address of Qassim Cement Company (4266 Unit No. 1 PO Box 52271 - 6735 Buraydah, Kingdom of Saudi Arabia).
For more information, please contact the Shareholder Relations Section on phone number 0163165510 or 0163165513 |
| Policy and criteria of nomination |
The nomination will be in accordance with the provisions of the Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the criteria and procedures policy for membership in the Board of Directors approved by the General Assembly of the Company's shareholders, provided that it complies with the following conditions:
1) Compliance with the criteria outlined in the policy of membership criteria and procedures in the Board of Directors. (Attached) 2) Submit an application from the candidate expressing their interest in running for a position on the board of directors. (Attached) 3) Submit form No. (1) resume in both languages (Arabic and English). (Attached) 4) Submit a signed form No. (3) issued by Capital Market Authority. (Attached) 5) A copy of the valid national ID for the Saudi candidate, or a copy of the valid passport for the non-Saudi candidate. 6) The candidate should not be a member of the board of directors or work in a competing company currently or have an interest in it. 7) The candidate should not be a member of the Board of Directors of more than five companies listed on the Capital Market at the same time, including Qassim Cement Company. 8) If the candidate has previously occupied as a member of the Board of Directors of Qassim Cement Company, he must attach a statement from the company’s management about the last term in which he became a member of the Board, including the following information: • The number of board meetings that took place during each year of the term, the number of meetings attended by the member, and the percentage of his attendance to the total meetings. • The names of the permanent committees in which the member participated, the number of meetings held by each of those committees during each year of the session, the number of meetings he attended, and the percentage of his attendance to the total meetings. • A summary of the financial results achieved by the company during each year of the term. • Proof of the candidate's classification according to the Capital Market Authority's classification (independent, executive, non-executive). Please note that voting in the general assembly is restricted to candidates for board membership who have been approved by the nominations and compensation committee as meeting the necessary criteria. Furthermore, the board must consist of at least one-third independent members. |
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange: Click here
Attached Documents:
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Qassim Cement produces more than 4 million metric tons of high-quality cement and superior performance. Our professional human capital is employed in our advanced factory that works to achieve the goal of providing high quality products to our customers.
Contact Us
Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa
