Saudi Cable Co. Announces Calling Candidature for Board Members Elections

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Element list Explanation
  Introduction Saudi Cable Company is pleased to announce to its respective Shareholders the opening of nomination of SCC Board Members for the forthcoming new term which will start from 14th January 2021 for a period of three years, for the most qualified nominees who satisfy the below  conditions.  All interested applicants of the Company Shareholders shall submit their nomination applications to Nominations & Remunerations Committee within the period from Thursday, 12 Rabi I, 1442H, corresponding to 29 October 2020 up to Monday, 15 Rabi II, 1442H, corresponding to 30 November 2020 in accordance with the policy and procedures that have been approved by the Board of Directors and Shareholders General Assembly in this regard
Type of Board Term New Term
Starting date of the term 01/06/1442H, corresponding to 14/01/2021.
Ending date of the term 01/07/1445H, corresponding to 13/01/2024.
Number of the Members 9
Application starting date 12/03/1442H, corresponding to 29/10/2020
Application closing date 15/04/1442H, corresponding to 30/11/2020.
    Application Submission Method Submission of the application with all its attachments together with the CMA form, and shall be addressed to: Saudi Cable Company Attention: Nominations & Remunerations Committee/ Shareholders Department. P. O. Box: 4403 Jeddah 21491 E-mail   : Phone No.  : 012-6087500/ 012-6087220 Fax  : 012-6352220/ 012-6370023
    Application Requirements     The General Conditions and requirements for application to the Board Membership as below:   A written consent of the nominee shows his interest to apply for the membership of the Board of Directors including his profile and a resume included his qualifications, previous work experiences in the Company field of business and his current work attached with all supporting documents thereof. The nominee must conduct and show his commitment with the highest related code of ethics and values. The nominee must have a vast experience in corporate business or governmental or non-profitable organizations or have a professional expertise shows that the nominee is capable to provide significant or instant contribution in the Board discussions and in taking decisions. The nominee must have specific skills and expertise that shall add or complete the set of expertise and skills available in other Board Members. The nominee must effectively, continuously and appropriately handle considering and balancing the legal interests and the affairs of other parties of interest upon reaching decisions. The nominee must have the required capability to provide suggestions on the matters to be listed in the Assemblies and Board of Directors agenda. The nominee must be aware of the Companies laws to ensure the continuation of the Company profitability improvement and the rate or the value of its shares. The nominee must have the capability to contribute in approving the main strategies and goals of the Company and in supervising the implementation thereof. The nominee must be aware of manufacturing, preferably electrical products, in order to monitor the operational and financial conditions of the Company. The nominee must not be engaged in activity or activities that may have conflict of interests with his position as the Board Director of the Company. The nominee must have capability to perform his tasks as the Board Director and must allocate adequate time to perform these tasks. The nominee must attach a copy of his ID, family card and means of contact. Fill the Disclosure form No. (3) issued by CMA and attach it with the nomination application including a list of the companies or firms in which management or ownership the nominee is engaged and which of them is practicing works similar to the Company or which have contracts or interests with the Company, taking into consideration the requirements of Companies Governance regulation in relation to the conflict of interests. Form can be obtained by visiting CMA website: Provided that,  Nominations and Remuneration Committee will consider, upon preference between the nominees, the variety of scientific qualifications and work expertise of the nominee and will give priority in nomination to the persons with the appropriate skills that shall be available in the Board Director. The voting in the General Assembly will be restricted to the nominees satisfying the aforesaid conditions and requirements. The Nominations and Remuneration Committee will not consider any incomplete applications. The time the next General Assembly meeting will be announced later after having the approval of the concerned parties.