Riyadh Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| City and Location of the General Assembly's Meeting | Head Office Imamm Soud Bin Abdulaziz Bin Mohammed, AL-Muhammdyah - Riyadh |
| URL for the Meeting Location | No English translation, kindly refer to the Arabic version |
| Date of the General Assembly's Meeting | 2021-04-21 Corresponding to 1442-09-09 |
| Time of the General Assembly's Meeting | 22:00 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | In order for a regular general assembly meeting to be valid, the attendance of shareholders must representing at least 25% of the company's shares. In case the quorum is not complete, a second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares attend in it. |
| General Assembly Meeting Agenda | 1. Voting the report of the board of directors for the fiscal year ended on 31-12-2020.
2. Voting on the company's auditor's report for the fiscal year ended on 31-12-2020. 3. Voting on the company's financial statements for the fiscal year ended on 31-12-2020. 4. Voting on absolving the Board members from liabilities for their activities pertain to management of the Company for the FY ending on 31 December 2020. 5. Voting to appointment the company's auditor from among the candidates, based on the recommendation of the audit committee, to examine, review and audit the financial statements for the first, second, third quarters and annual of the fiscal year 2021 and identify their fees. 6. Voting on authorizing the Board of Directors to disburse interim dividends on a semiannual/ quarterly basis for the FY 2021. 8. Voting on the Board of Directors recommendation to disburse dividends to shareholders for the second half of 2020, in the amount of (SAR 1) per share, with a total amount of SAR (120) million (equivalent to 10% of the par value) in addition to amount disbursed for the first half of the year 2020 with a value of SAR (90) million. Accordingly, the total dividends distributed and proposed to be distributed for the year ending on December 31st, 2020 shall be SAR (210) million (equivalent to 17.5% of the par value) in the amount of SAR (1.75) per share, “provided that the remuneration eligibility is prioritized for the actual shareholders on the day of the Assembly and who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the due date"; The distribution date will be announced later. 9. Voting on paying an amount of (SAR 1,400,000) as remuneration to the Board members for the fiscal year ending on 31/12/2020 G, (200,000) for each member 9. Voting on the contracts and transactions concluded between the company and Al Rashed Cement Co., in which the Chairman Mr. Salah Al Rashed and Board member Mr. Abdulmohsen Al Rashed (Non-Executive Director) have an direct interests therein. It shall be noted that this transaction is in fact a Cement Sales . The said transaction for the previous year, 2020 was valued at SAR 80.2 million, taking into consideration that no preferential terms are applicable to this type of contracts. 10.Voting on the contracts and transactions concluded between the company and Precast Building System Company, in which Board member Mr. Khalifa AlMulhem (Non-Executive Director) have an direct interests therein. It shall be noted that this transaction is in fact a Cement Sales . The said transaction for the previous year, 2020 was valued at SAR 1.7 million, taking into consideration that no preferential terms are applicable to this type of contracts. |
| Proxy Form | |
| E-Vote | Shareholders registered in the Tadawulati services will be able to vote remotely on the assembly’s items starting at (10:00 am) on Sunday 09/09/1442 AH corresponding to 21/04/2021 AD until the Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Concludes Counting the Votes , and registration and voting in my trading services will be available and free for all shareholders using the following link : www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | Communication If there are any inquiries regarding the General Assembly agenda, please contact us:
Tel: 0112611727 Email: [email protected] |
| Attached Documents |  |
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