pre-2020

SAUDI CABLE COMPANY ANNOUNCES THE OPENING OF NOMINATIONS FOR MEMBERSHIP OF THE BOARD OF DIRECTORS FOR THE NEXT TERM

Saudi Cable Company (SCC) is pleased to announce to the respectful shareholders the opening of nomination for Board of Directors membership. Qualified candidate must satisfy below conditions. The Board of Directors membership term will start from the date of issuing the Ordinary General Assembly Resolution by electing the Board members and for a period of three years; interested applicants of Saudi Cable Company’s shareholders shall submit their nomination application to the Companys management and the application shall be addressed to the Companys Nominations and Remuneration Committee within the period starting from Tuesday 02 Zul Qaedae 1438H corresponding to July 25, 2017 and no more than the end of the business day of Thursday 02 Zul Hijjah 1438H corresponding to August 24, 2017.

And based on Saudi Cable Companys Board of Directors, its senior directors and all employees keenness to comply with the applicable laws and regulations of the Capital Market Authority and the Ministry of Commerce and in commitment of the Company with the code of ethics and Governance policies and in maintenance of the shareholders investment rights, the Company has decided to set the following standards for the nomination of the Board membership :

1. A written notification of the nominee declaring his desire of the nomination for the membership of the Board of Directors including a profile of the nominee and a resume of the nominee containing previous qualifications and work expertise in the Company field of business and his current work attaching all supporting documents thereof.
2. The nominee must have shown a conduct indicating his commitment with the highest related code of ethics and values.
3. The nominee must have a vast experience in corporate business or government or non-profitable organizations or have a professional expertise showing that the nominee is capable to provide significant or instant contribution in the Board discussions and in taking decisions.
4. The nominee must have special skills and expertise that shall add or complete the set of expertise and skills available in other Board Directors.
5. 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.
6. The nominee must have the required capability to provide suggestions on the matters to be listed in the Assemblies and Board of Directors agenda.
7. The nominee must be aware of the Companies laws to ensure the continuation of the Companys profitability improvement and the rate or the value of its shares.
8. The nominee must have the capability to contribute in approving the main strategies and goals of the Company and in supervising the implementation thereof.
9. The nominee must be aware of manufacturing, preferably electrical products, in order to monitor the operational and financial conditions of the Company.
10. 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.
11. The nominee must have capability to perform his tasks as the Board Director and must allocate adequate time to perform these tasks.
12. The nominee must attach a copy of ID, family card and means of contact.
13. Fill Ifsah (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 is practicing works similar to the Companys 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: cma.org.sa

Noting that the 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 limited to the nominees satisfying the aforesaid conditions and requirements. The Nominations and Remuneration Committee will not consider any incomplete application. The time for convening the next General Assembly meeting will be announced later after having the approval of the concerned parties.

The nomination application, its attachments and the Capital Market Authority (CMA) form shall be sent to the following address:

Saudi Cable Company

The Nominations and Remuneration Committee – Shareholders Department

1. O. Box 4403, Jeddah 21491

Email: msheheween@saudicable.com

Tel: 012-6087220, Fax: 012-6370023