Hail Cement Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Hail Cement company announce the results of the Extraordinary General Assembly Meeting (second Meeting) which held on Monday 4 Dhul Hajjah 1445, corresponding to 10 June 2024 at 19.30 in Millennium Hotel, Hail City and virtually through the contemporary technology means through Tadawulaty, due to lack of quorum in the first meeting. |
| City and Location of the General Assembly's Meeting | Millennium Hotel in Hail City and (virtually) through the contemporary technology means Through Tadawulaty |
| Date of the General Assembly's Meeting | 2024-06-10 Corresponding to 1445-12-04 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 31.88% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Mr. Abdul Malik Khaled Al Rajhi – Chairman.
2- Mr. Abdul Aziz Majed Al Kassabi – Vice Chairman. 3- Mr. Abdul Aziz Tarik Al Bassam – Board Member. 4- Mr. Abdullah Abdul Majeed Al Jeraiwi – Board Member. 5- Mr. Khaled Abdul Aziz Al Ahmed – Board Member and CEO. 6- Mr. Fahad Abdul Kareem Al Faraj – Board Member. |
| 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. Abdul Aziz Tarik Al Bassam – Audit Committee Chairman.
2- Mr. Abdul Aziz Majed Al Kassabi – Remuneration and Nomination Committee Chairman. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | The approval of the offer submitted by Qassim Cement Company (“QCC”) to Hail Cement Co.’s (“HCC”) shareholders to acquire all shares issued in HCC in exchange for the issuance of (0.21) share in QCC for every HCC share they own, representing in total twenty million five hundred fifty nine thousand (20,559,000) ordinary shares with a nominal value of (10) Saudi Riyals per share in QCC to HCC’s shareholders, resulting in HCC becoming an unlisted joint stock company wholly owned by QCC, in accordance with the relevant regulatory requirements and the terms and conditions of the Implementation Agreement, as well as the approval of other matters relating to the Transaction:
(A) The terms of the Implementation Agreement entered into between HCC and QCC on 08/06/1445H (corresponding to 21/12/2023G); and (B)Authorizing HCC’s board of directors, or any person authorized by the board, to adopt any resolution or take any action as may be necessary to implement any of the above resolutions. |
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