Initiation of nomination for membership of the Board of Directors

ELEMENT LIST

EXPLANATION

Introduction

United International Transportation Company (Saudi Budget) announces the initiation of nomination for membership of the Board of Directors, starting from 21/06/2021 for three years and ending on 20/06/2024. Taking into consideration that the nomination for membership of the Board of Directors will be in accordance with the provisions of the Companies Law issued by Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, and the policy, standards and procedures of the Board of Directors’ membership approved the General Assembly.

 

Selection of the nominated members for the Board of Directors new term will take place at the upcoming general assembly meeting, which will be announced later after obtaining the necessary approvals from the relevant authorities

Type of Assembly

New Session

Assembly Start Date

21/06/2021 Corresponding to 11/11/1442

Assembly End Date

20/06/2024 Corresponding to 14/12/1445

Number of members

8

Application Start Date

15/02/2021 Corresponding to 03/07/1442

Application End Date

15/03/2021 Corresponding to 02/08/1442

Applications Submission Method

The original applications of candidacy, attachments and forms below must be submitted within nomination period specified in the announcement during the official hours by one of the following ways:

  1. Delivery by mail:

United International Transportation Company (Budget Saudi)

6695 King Abdul Aziz Road – Al Basatin Dist.

Unit No 92

Jeddah 23719 – 4327

Kingdom of Saudi Arabia

Phone: 0126927070 Ext. 1610 or 1777

Or:

  1. Email: rmandhour@budgetsaudi.com

 

For any inquiries or further information, please contact the Investors Relations: Phone No. 0126927070 Ext. 1610 or 1777

Application Requirements

The candidate must fulfil all the conditions of nomination for the Board of Directors membership in accordance with the relevant laws and regulations, and policies standards and procedures of the Board of Directors membership approved by the General Assembly. The candidate must provide the Company within the period specified with the following:

 

  1. Fulfill the criteria for membership of the Board of Directors according to the Candidate Conditions issued by the remuneration and nominations committee and approved by the General Assembly.
  2. The candidate must submit form no. (1).
  3. The candidate must fill in and sign Discloser Form No. (3) issued by the Capital Market Authority for Board membership nomination, and which can be found on the website of the Capital Market Authority: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx
  4. Submit a statement containing details of the number and dates of his/her memberships on the boards of directors of joint stock companies and the committees that he\she have assumed or still a member of.
  5. Submit a statement in which the candidate discloses any direct or indirect interest in the business and contracts executed for the company.
  6. Submit a statement containing details of companies or institutions that the candidate participates in managing or owning, and which conduct similar business to the Company.
  7. The candidate shall provide a clear copy of valid national ID card and family Card (for the married male/female), and a passport copy (for non-Saudi) or commercial registration for the entities that want to nominate their representatives.

 

The Nomination and Remunerations Committee will review the nomination requests submitted to it. noting that voting in the General Assembly will be limited to those who nominated themselves for the membership of the Board of Directors in accordance with the conditions and criteria stated in the policies standards and procedures of the Board of Directors’ membership.