Northern Region Cement Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Northern Region Cement Co. announces the results of the Ordinary General Assembly meeting (the second meeting) |
| City and Location of the General Assembly's Meeting | By using modern technology from the company's headquarters in Turaif. |
| Date of the General Assembly's Meeting | 2024-05-08 Corresponding to 1445-10-29 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 20.57 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting:
1. Mr. Suliman Saleem Al Harbi. 2. Dr. Faisal Hamad Abdullah Al Sugair. 3. Eng. Ahmed Abdurhman Al Ubaid. 4. Eng. Mohammed Faiz Al Darjem. 5. Dr.Eng Obaid Saad Alsubaie Member apologized for the attendance: 1. Eng. Saud Saad Saud Al Arifi. |
| 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. Khalid Abdulaziz Al Arifi. (Member of the Audit Committee)
2. Eng. Ahmed Abdurhman Al Ubaid. (Chairman of the Nominations and Awards Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ Report for the fiscal year ending on 31st December 2023 was reviewed and discussed.
2. The Financial Statements for the fiscal year ending on 31st December 2023 was reviewed and discussed. 3. Approval of the Auditor’s Report on the Company’s accounts for the fiscal year ending on 31st December 2023 after discussing it. 4. The approval of the hiring of the company's auditor RSM on the recommendation of the audit committee, in order to check, review and audit the financial statements for the quarters (second, third, and annual) of financial year 2024, and the first quarter of financial year 2025, and determine its fees an amount of (450,000) Saudi Riyals, excluding VAT. 5. Disapproval of paying (1,200,000) Saudi riyals as remunerations for the board of directors’ members for the fiscal year ending on 31/12/2023. 6. Approval on delegating the Board of Directors to distribute interim dividends on a biannually or quarterly basis for the fiscal year 2024. 7. Approval of delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions set forth in the issued in Executive Regulations of the Companies Law for Listed Joint Stock Companies. |
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