Hail Cement Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Hail Cement company has the pleasure to announce the results of the Ordinary General Assembly Meeting (second Meeting) which held on Wednesday 17 Ramadan 1445, corresponding to 27 March 2024 at 10.30 pm (virtually) through the contemporary technology means, that is due to lack of quorum in the first meeting. |
| City and Location of the General Assembly's Meeting | HCC Headquarter, Hail City (virtually) through the contemporary technology means, |
| Date of the General Assembly's Meeting | 2024-03-27 Corresponding to 1445-09-17 |
| Time of the General Assembly’s Meeting | 22:30 |
| Percentage of Attending Shareholders | 12.97% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Abdul Malik Khaled Al Rajhi – Chairman.
2- Mr. Abdul Aziz Majed Al Kassabi – Vice Chairman. 3- Mr. Abdul Aziz Tarik Al Bassam – Board Member. 4- Mr. Abdullah Abdul Majeed Al Jeraiwi – Board Member. 5- Mr. Khaled Abdul Aziz Al Ahmed – Board Member and CEO. 6- Mr. Fahad Abdul Kareem Al Faraj – Board Member. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Mr. Abdul Aziz Tarik Al Bassam – Audit Committee Chairman.
2- Mr. Abdul Aziz Majed Al Kassabi – Remuneration and Nomination Committee Chairman. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The Annual Board Report for the year ending 31 December 2023 has been reviewed and discussed.
2- Approval of on the external auditor report for the year ending 31 December 2023. 3- The Financial Statements of the year ending 31 December 2023 has been reviewed and discussed. 4- Approval to assign Al-Sayed Al-Ayyouti & Partners certified accountants and auditors from among the nominated offers based on the recommendation of the Audit Committee to audit the financial statements of the second and third quarter and the annual statements of the year 2024, plus the first quarter of the year 2025, and determine their fees. 5- Approval to allocate amount of 537,000 Saudi Riyals from the company's budget for the fiscal year 2024 for social responsibility. 6- Approval to disburse an amount of 1,642,857 Saudi Riyals as a reward for board members for the fiscal year 2023. 7- Approval to authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm basis for the fiscal year 2024, |
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