Bupa Arabia is pleased to announce its nomination period for electing a new board of directors, for the three proceeding years, which starts from 24/04/1432 H, corresponding to 29/03/2011 and ends on 23/04/1435 H, corresponding to 23/02/2014.

For the shareholders, who hold shares with face value of no less than ten thousand Saudi Riyals (what is equivalent to one thousand shares) wanting to nominate themselves to become members of the board of directors, to apply a nomination request to the company, care of the Nomination & Remuneration Committee and send it to the following address:P.O. Box 23807 Jeddah, 21436 Telephone: 920000456 ext: 5600 / 5601 Fax: 02 – 6910758 Email: invest@bupame.com

Requests should be sent before the end of Tuesday 12th of Rabi Awal, corresponding to 15th of February 2011, and the nomination notification according to what is mentioned in Ministry of Commerce’s company laws and the laws of nomination of board of directors of Public Companies mentioned in Ministry of Commerce’s circular no 3245/9362/222 dated 18/6/1412 H and also according to what the Ministry of Commerce’s company rules, the company’s bylaws, Law On Supervision of Cooperative Insurance and its regulation, corporate governance regulations, listing rules, that are issued by the Capital Market Authority and which includes the following:

1) Submitting the request to the company’s management, including the nominee’s resume, qualifications and experience in the insurance sector.
2) It is required for the any nominee that held the position of board member in any public company to provide the following information:

a) The number of Board of Directors meetings that took place during all of the years of the terms and the number of meetings that the member attended and the percentage of attendance.
b) The continuous committees that the member participated in and the number of meetings held for each of these committees during each year of the term.

3) A list of all public companies that he is still a member in.
4) A list of companies or establishments that he manages or own, and is engaged in business related to the company’s business.
5) Completing the criteria questionnaire issued by the Saudi Arabian Monetary Agency, which can be found on the SAMA’s website : www.sama.gov.sa/pages/Home.aspx
6) Completing form (3) issued by Capital Market Authority, which can be found on CMA’s website: http://www.cma.org.sa/Ar/FormsSite/Documents/f3.doc
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 public companies at one time.
9) It is not allowed, except after written approval from SAMA, for a person who had held similar position in a liquidated Company to nominate himself.
10) To be attached with the application is a clear copy of the national id for individuals, commercial registration for companies and establishments and the phone numbers of the nominees.

The board of directors will be voted for during the coming General Assembly meeting for the company, which will be held soon after coordination with the ministry of commerce, and the exact date will be announced.

Click here to download SAMA Questionnaire.