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 : msheheween@saudicable.com
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: cma.org.sa
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.
