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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF THE BOARD NOMINATION PERIOD FOR THE NEW BOARD TERM

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Introduction Bupa Arabia is pleased to announce the start of the nomination period for the electing of a new Board of Directors, for a new term of three years, which term will start from 1 July 2019 and will end on 30 June 2022. Applicants must send their nomination notification in accordance with the Companys Nomination and Appointment Policy (as attached), The requirements for Appointments for Senior Positions in Financial Institutions Supervised by Saudi Arabia Monetary Authority (SAMA) the Corporate Governance Regulations as issued by SAMA and the Capital Market Authority (CMA).
Type of Assembly New Session
Assembly Start Date 2019-07-01 Corresponding to 1440-10-28
Assembly End Date 2022-06-30 Corresponding to 1443-12-01
Number of members 8
Application Start Date 2018-11-18 Corresponding to 1440-03-10
Application End Date 2018-12-31 Corresponding to 1440-04-24
Applications Submission Method Please be advised that anyone wanting to nominate themselves to become members of the Board of Directors, should submit a nomination request in English to the Company, care of the Nomination and Remuneration Committee, and either send it to the following postal address: P.O. Box 23807 Jeddah, 21436, or Email it to: BoardComm@bupa.com.sa or Fax it to 0126920525
Application Requirements 1. Submitting of the request to the Companys management, in English, including the nominees resume, qualifications and experience along with the supporting documents.

2. It is a requirement for any nominee that has held the position of Board Member in any joint stock company to provide the following information:

A. The number of Board of Directors meetings that took place during all of the years of the term and the number of meetings that the nominee member attended and the percentage of attendance.

B. The Board Committees that the nominee participated in as a formal Committee member, and the number of meetings held for each of these committees during each year of the term.

C. A brief about the financial results that the company achieved during the nominees Board term.

3. A list of all the joint stock companies that the nominee is still a Board Member of.

4. A list of the companies or establishments that the nominee manages or owns, and wherever the nominee is engaged in business which related to the Companys business.

5. Completing in English the Fit and Proper form issued by the Saudi Arabian Monetary Authority, including the submission of the required supporting certificates and other documents, and which form can be found on SAMAs website: http://www.sama.gov.sa/ar-sa/Insurance/Pages/Forms.aspx

6. Completing form (3) as issued by the Capital Market Authority, and which can be found on the CMAs website: http://www.cma.org.sa/Ar/FormsSite/Pages/Disclosure.aspx

7. The nominee shall not be a member of the Board of Directors of any other insurance and/or reinsurance Company.

8. The nominee shall not hold membership in more than five Boards of publicly listed companies at one time.

9. It is not allowed, except after written approval from SAMA, for a person who has held a similar position in a liquidated Company or was dismissed to nominate himself.

10. To be attached with the nominees application, a clear copy of the nominees Passport and/or National ID for individuals, the Commercial Registration for companies and establishments, and the phone numbers of the nominee(s).

Attached Documents  

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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