The Board of Directors of the Company is pleased to inform the shareholders of the opening of the nomination for the Board of Directors during the period from Thursday the 4th of April 4 2024 to Monday the 15th of April 2024. Each person/shareholder who has met the conditions for nomination to the Board of Directors may nominate himself/herself to the Board under an application submitted to the Company’s Management at its headquarters in office 901, 48 Burj Gate, Dubai, and the application must be accompanied by an introductory summary of the applicant and the membership description on the basis of which he/she wishes to nominate himself/herself (executive member – non-executive member – independent member).

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General Terms:

  1. The number of members required to be elected to the Board of Directors is 7 members.
  2. Nominations for membership in the Board of Directors will remain open for a period of (10) days from the date of the announcement, in accordance with the requirements of Article (9) of the Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 concerning Approval of Joint Stock Companies Governance Guide and its amendments from time to time.
  3. Whoever nominates himself/herself for membership in the Board of Directors must meet the conditions stipulated in Federal Decree of Law No. (32) of 2021 regarding commercial companies and the Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 concerning Approval of Joint Stock Companies Governance Guide and the Company’s Articles of Association and its amendments thereto from time to time.
  4. The nomination application must be accompanied by the documents referred to in Article (10) of Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 and its amendments from time to time.
  5. After closing the nomination, a candidate shall not relinquish his/her nomination to another person.
  6. The names and details of the candidates shall be published on the notice board of the Company and on the Company website (www.almalcapital.com) on the 22nd of April 2024.
  7. The Securities Commodities Authority and Market shall be provided with a list of candidates’ names in the day following the nomination closing.