Eastern Province Cement Company invites its Shareholders to Attend the 11th Extraordinary General Assembly Meeting (First Meeting) remotely through contemporary technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Eastern Province Cement Company is pleased to invite its shareholders to participate and vote in the 11th Extraordinary General Assembly meeting (First Meeting) which is scheduled to be held remotely through contemporary technology at 18:30 on Sunday 26-10-1445 corresponding to 05-05-2024 |
| City and Location of the General Assembly's Meeting | Company Head Office, in Khobar City, Online via Tadawulaty Platform |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-05 Corresponding to 1445-10-26 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | 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 have the right to attend the General Assembly’s Meeting as per Laws and Regulations. |
| Quorum for Convening the General Assembly's Meeting | The extraordinary general assembly meeting shall be valid if attended by shareholders representing at least a half of the company’s shares that have voting rights. If the necessary quorum is not available to hold the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting is valid if it is attended by a number of shareholders representing a quarter of the company's shares that have voting rights at least. |
| General Assembly Meeting Agenda | 1- View and discuss the Board of directors’ report for the fiscal year ended 31 December 2023
2- View and discuss the External Auditors report for the fiscal year ended on 31 December 2023 3- View and discuss the Financial Statements for the fiscal year ended on 31 December 2023 4- Vote on the discharge of Board of Directors members from liabilities for their management of the company during the fiscal year ended 31 December 2023 5- Vote on authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2024 6- Vote on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second, third, and annual financial statements, of the fiscal year 2024 and the first quarter of the fiscal year 2025 and the determination of the auditor's remuneration. 7- Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies. 8- Vote on transferring the balance of statutory reserve amounting to SAR 430 million as in the financial statements for the year ending 31 December 2023 to the voluntary reserve, for enhancing the company’s financial solvency. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | 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. |
| Details of the electronic voting on the Assembly’s agenda | The company assures to all of its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 01:00 A.M. on Wednesday 22-10-1445 corresponding to 01-05-2024 until the end of convening time of the assembly, noting that registration and voting in Tadawulaty, is available free of charge to all shareholders using the following link (http://tadawulaty.com.sa).
The attending shareholders are having the right to discuss the agenda items and ask questions. |
| Method of Communication in Case of Any Enquiries | For any quires, please contact the Shareholder Relationships through phone 966138812222 Ext. 4405 or email: [email protected] |
| Attached Documents | |
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