Arabian Cement Company Announces its Invitation to the Shareholders to Attend the Sixty-Eighth Ordinary General Assembly Meeting (First Meeting) in Person and Virtually by Modern Technology Means.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arabian Cement Company is pleased to invite all Shareholders to participate and vote at the Sixty-Eighth Ordinary General Assembly meeting (the first meeting), which is scheduled to held, at 18:30 on Sunday 04/06/1445 H corresponding to 17/12/2023, in person and virtually by modern technology means. |
| City and Location of the General Assembly's Meeting | In person at the company’s head offices located at 8605 King Abdulaziz Road, Al Nahda district in Jeddah, and virtually by modern technology means. |
| URL for the Meeting Location | https://goo.gl/4dE17z |
| Date of the General Assembly's Meeting | 2023-12-17 Corresponding to 1445-06-04 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | For Shareholders registered in the issuer's shareholders register at the Securities Depository Center Company (Edaa) at the end of the trading session preceding the General Assembly meeting, and in accordance with the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | According to the Article (34) of the company's bylaws, the Ordinary General Assembly requires the attendance of a number of shareholders representing minimum a quarter of the company's outstanding shares that have voting rights to be held, and if this quorum is not available at the first meeting, the second meeting will be held one hour after the end first meeting regardless of the number of outstanding shares that have voting rights attending the second meeting. |
| General Assembly Meeting Agenda | First: Voting on the election of members of the Board of Directors among the list of candidates for the next board term starting on 01/01/2024 and ending on 31/12/2027. (Resumes of candidates are attached)
Second: Voting on the amendment to the Audit Committee Charter. (Attached) Third: Voting on the amendment to the Nominations and Remuneration Committee Charter. (Attached) Fourth: Voting on the amendment of the regulations and criteria of participation in a business in competition with the company's business. (Attached) Fifth: Voting on the amendment of the remuneration policy for members of the Board of Directors, Committees and Executive management. (Attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders registered on the Tadawulaty platform will be able to vote remotely on the agenda items of the general assembly meeting, through the (electronic voting) service, starting from 01:00 on Wednesday, 29/05/1445 H corresponding to 13/12/2023 until the end of the meeting time, registration and voting in Tadawulaty platform is available free of charge to all shareholders using the following link:www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | The right to register shareholder attendance at the general assembly meeting ends when meeting is in session. Also, the right to vote on the items of the general assembly for those shareholders who are present ends when votes are collected by the designated voting counting committee. |
| Method of Communication | If you have any questions about the general assembly meeting agenda, please contact Investors Relations during the office working hours (from 7:30 AM to 4:00 PM) at:
Phone: (0126948110) E-mail address: [email protected] by mail: (Investor Relations – Arabian Cement Company – 8605 King Abdul-Aziz Road – Al Nahda District – Jeddah 23523). |
| Additional Information | The shareholder has the right to appoint another person to attend under a written power of attorney, provided that the appointee is not a member of the Board of Directors, and the power of attorney must be attested by the chambers of commerce if the shareholders is affiliated with one of them, or through one of the licensed banks or licensed financial market institutions in the Kingdom. Provided that the shareholder has an active account with the bank or the financial institution that carries out notarization, notary, or authorized person in notarial acts. The shareholder or the appointee must provide the company with a copy of the power of attorney and ID at least two working days before the date of the general assembly by e-mail or delivered at the company's head office or mailed via Saudi Post (SPL) according to the addresses indicated above and shall present the original on the day of the assembly. |
| Attached Documents | |
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