Hail Cement Co. invites its shareholders to attend ordinary general assembly meeting (the first meeting) through contemporary technology means.
| Element List | Explanation |
|---|---|
| Introduction | Hail Cement company Board of Directors has the pleasure to invite shareholders to participate and vote in the 21st ordinary General Assembly Meeting (first meeting) which will be held on Wednesday 17 Ramadan 1445, corresponding to 27 March 2024 at 9.30 pm (virtually) through the contemporary technology means. |
| City and Location of the General Assembly's Meeting | HCC Headquarter – Hail – Through Contemporary Technology means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-03-27 Corresponding to 1445-09-17 |
| Time of the General Assembly’s Meeting | 21:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuer’s shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The attendee’s right to vote on the General assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Meeting will be Quorum by the attendance of at least 25% of the company shares, if Quorum failed in the first meeting, the second meeting will be held one hour after the specified time of the first meeting, Second Meeting will be quorum by the attendance of any numbers of the company shares. |
| General Assembly Meeting Agenda | 1-Read and discuss the annual Board report for the fiscal year ending 31 December 2023,
2-Vote on the external auditor report for the fiscal year ending 31 December 2023. 3-Read and discuss the Financial Statements of the fiscal year ending 31 December 2023. 4-Vote to select and assign external auditor 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 annual statements of the fiscal year 2024, plus the first quarter of the year 2025, and determine his fees. 5-Vote to allocate amount of 537,000 Saudi Riyals from the company's budget for the fiscal year 2024 for social responsibility. 6-Vote to disburse an amount of 1,642,857 Saudi Riyals as a reward for board members for the fiscal year ending 31 December 2023. 7-Vote to authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm basis for the fiscal year 2024. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | All shareholders has the right to discuss and ask the board members about all the issues in the General Meeting Agenda. While shareholders registered in Tadawulaty services can vote on GM Agenda by using the link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered in Tadawulaty services can vote on the items of the General Assembly agenda online in Tadawulaty website starting 01.00 am on Saturday 13 Ramdan 1445H corresponding to 23 March 2024 till the end of GM, Registration and voting shall be available in Tadawulaty services for all shareholders by using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For any enquiry please on General Meeting Agenda, please contact shareholder relation at 0165344444 ext. 4005 during duty time 08.00am to 04.00pm or email: Abdulrahman.alhazmi@hailcement.com |
| Attached Documents | |
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