Riyadh – Mubasher: Cherry Trading Company has commenced the nomination process for three newly created seats on its board of directors.
The 30-day nomination window is scheduled to open on 23 July 2026 and will conclude on 22 August 2026.
The successful candidates will serve for the remainder of the current board term, which originally began on 20 December 2024 and is slated to end on 19 December 2028.
According to the company disclosure, the election of the new members will take place during a future General Assembly meeting, following the receipt of necessary regulatory approvals.
Prospective nominees must submit their applications and required documentation, including Capital Market Authority Form 1 and Form 3, to the company’s Remuneration and Nominations Committee.
Candidates are required to meet specific professional standards, including a limit of 4 memberships in other listed joint-stock companies.
Applications can be submitted via email or delivered to the company's headquarters in Riyadh between the working hours of 08:00 and 04:00.
During the extraordinary general meeting (EGM) in June, the shareholders approved a cash dividend distribution of SAR 15 million for 2025.
