Riyadh – Mubasher: Edarat Communication and Information Technology Company (Edarat Group) has officially announced the commencement of the nomination period for its Board of Directors for the upcoming three-year term.
The new session is scheduled to begin on 10 August 2026 and will conclude on 9 August 2029, according to a bourse filing.
Shareholders and qualified individuals are invited to submit their applications between 16 June 2026 and 16 July 2026, in accordance with the regulatory frameworks established by the Saudi Companies Law and the Capital Market Authority (CMA).
The nomination process follows the approval of the Board Membership Criteria and Procedures Policy by the General Assembly on 14 June 2026. This policy outlines the professional and ethical standards required for candidates seeking to oversee the company’s strategic direction.
The upcoming board will consist of five members, and the election will take place during an Extraordinary General Assembly meeting, the date of which will be disclosed following the receipt of necessary regulatory approvals.
Candidates must satisfy a comprehensive set of eligibility requirements. According to the company’s disclosure, nominees must possess professional competence, relevant experience, and the necessary skills to perform their duties effectively.
Key criteria include leadership capability, financial literacy—specifically the ability to interpret financial statements and reports—and the capacity to provide immediate contributions to board discussions.
Furthermore, candidates must not hold more than five directorships in listed joint-stock companies simultaneously and must not have a criminal record or a history of dismissal for negligence or mismanagement.
The application process requires the submission of several mandatory documents. Applicants must provide a signed notification of candidacy addressed to the Board of Directors, accompanied by CMA Form No. 1 (Resume) and Form No. 3 (Candidate Declaration), both completed in Arabic and English.
The submission must also include a detailed curriculum vitae, copies of national identification and family records, and a comprehensive list of past and current board memberships, including the legal form of the entities and the duration of service.
Transparency regarding potential conflicts of interest is a critical component of the application. Nominees are required to disclose any direct or indirect interests in contracts or businesses involving Edarat Group, as well as any participation in activities that compete with the company’s operations.
For candidates who have previously served on Edarat Group’s board, additional documentation is required, including attendance records for board and committee meetings during their previous term.
The company emphasized that the majority of the board must be non-executive members, and the number of independent members must meet the CMA requirement of at least two members or one-third of the board, whichever is greater.
Voting for the new board term will be conducted using the cumulative voting system during the General Assembly.
Interested parties are directed to submit their applications via email to the Board Nominations committee. For further inquiries, the company has designated its Investor Relations department as the primary point of contact during official working hours.
This announcement marks a proactive step by Edarat to ensure a structured transition in its corporate governance ahead of the 2026 term.
By aligning its nomination procedures with the latest Saudi regulatory standards, the company aims to maintain a board composition that balances independence with professional expertise, reinforcing its commitment to transparency and shareholder interests within the Tadawul-listed environment.
