List of Board of Directors' Nominees
Announcement on the Opening of Nomination for Membership of the Board of Directors
The Company’s Board of Directors has the honor to inform the shareholders of the opening of nomination for the Board of Directors membership during the period from Sunday, dated 7/3/2021to Tuesday dated 16/3/2021, Any person/shareholder who meets the conditions of nomination for the Board membership may nominate himself for the membership by an application to be submitted to the Management of the Company at its Head Office located in Al Hosn Road, Julphar Office Tower, Emirate of Ras Al Khaimah. The application shall enclose an introductory profile of the applicant and the capacity of membership for which he wishes to nominate himself (Executive Director/ Non-Executive Director/ Independent Director).
General Conditions:
- The number of members to be elected to the Board of Directors is 9 members or any other number as decided by the AGM.
- Nomination for membership of the Board of Directors shall be open for a period of (10) days starting from Sunday March 7th 2021 till Tuesday March 16th 2021 in accordance with the requirements of Article (9) of the SCA Board of Directors Decision No. (3/CH) of 2020 concerning Approval of Joint Stock Companies Governance Manual.
- Those who nominate themselves for the membership of the Board must satisfy the conditions stipulated in the Federal Law No. (2) of 2015 concerning Commercial Companies and the SCA Board of Directors Decision No. (3/CH) of 2020 concerning Approval of Joint Stock Companies Governance Manual, as well as the Articles of Association of the Company.
- The nomination application shall enclose the documents referred to in Article (10) of the SCA Board of Directors Decision No. (3/CH) of 2020.
- The candidate may not, after closing the nomination, relinquish his nomination to another person.
- The Company will publish the list of names and nomination data of the candidates on the bulletin board at the Company’s Head Office and on the Company’s Website (www.rakproperties.ae 21/3/2021
- The Securities and Commodities Authority shall be provided with a list of the candidates’ names after closing the nomination.