Riyadh Cement Co. — AGM Information 2024

Apr 2, 2024

Riyadh Cement Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

3092 · 02/04/2024 15:34:18 · Announcement #79247 · View on Saudi Exchange

Riyadh Cement Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Riyadh Cement Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) which will be held on Tuesday 14/10/1445H corresponding to 23/4/2024G at (07:30) PM via modern technology.
City and Location of the General Assembly's Meeting	Riyadh Cement Company’s Head Office in RIYADH - by means of modern technology ( Virtual ) .
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-04-23 Corresponding to 1445-10-14
Time of the General Assembly’s Meeting	19:30
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 issuers 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 shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the 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 Assembly Meeting shall not be held unless attended by shareholders owning at least a Quarter of Share Capital. If such a quorum is not present, a second meeting shall be held after a lapse of an hour from the preceding meeting. The second meeting will be valid whatever the number of the stocks represented therein.
General Assembly Meeting Agenda	1- Review and discuss the Board of Directors’ report for the financial year ending on 2023/31/12.

2. Voting on the auditor’s report for the fiscal year ending on 2023/31/12.

3. View and discuss the financial statements for the fiscal year ending on 2023/31/12.

4. Vote on discharging the members of the Board of Directors from their liabilities for the year ending 2023/31/12.

5. Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee,

in order to examine, review and audit the company’s financial statements for the quarter (first, second and third) and annual of

the fiscal year 2024 AD and the first quarter of 2025 AD and determine his fees.

6. Vote on recommending that the Board of Directors distribute cash dividends to shareholders for the second half of the year

2023 at the rate of (0.75) riyals per share and %7.5 of the capital, with a total amount of ninety million riyals, provided that the

eligibility for the second half dividends goes to the company’s shareholders who own shares on the day of the assembly and are

registered in The company’s shareholders registered with the Securities Depository Center at the end of the second day of the

company’s general assembly, and thus the total dividends distributed and proposed to be distributed for the year 2023 AD will

be (1.55) riyals per share, which represents %15.5 of the nominal value of the share and a total of 186 million riyals. The date will

be announced. Distribution of second half profits later.

7. Voting on the business and contracts concluded between the company and Al-Rashed Cement Company, in which the Chairman

of the Board of Directors, Mr. Salah bin Al-Rashed, has a direct interest, which is the sale of cement during the year 2023 AD at

a value of 121,609,603 riyals, according to the prevailing commercial conditions.

8. Voting on the business and contracts concluded between the company and Tawa Company, in which the member of the

Board of Directors, Dr. Nasser Aqeel, has a direct interest, which is the sale of cement during the year 2023 AD at a value of

42,056,306 riyals, according to the prevailing commercial conditions.

9. Voting on the business and contracts concluded between the company and Precast Building Systems Company, in which the

member of the Board of Directors, Eng. Muhammad Al-Mulhim, has a direct interest, which is the sale of cement during the year

2023 AD at a value of 702,728 riyals, according to the prevailing commercial conditions.

10. Vote on disbursing an amount of (2,100,000) two million and one hundred thousand Saudi riyals as a reward to members of the

Board of Directors for the ending fiscal year On 2023/31/12 AD.

11. Vote on authorizing the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2024 Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The fact that attendance at the association meeting is registered ends at the time of the association meeting, and the right to vote on the association’s items for attendees ends when the sorting committee finishes counting the votes. The present shareholders also have the right to discuss the topics on the agenda and ask questions. Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty service will be able to vote electronically on the General Assembly’s agenda. Electronic voting will start on Saturday at 1:00 AM 20/4/2024 G, and will last until the end of the General assembly time, noting that the registration and voting is free of charge for all Shareholders via: http://tadawulaty.com.sa. Method of Communication in Case of Any Enquiries In case For inquiries and questions about the agenda items of the Ordinary General Assembly, you can contact the Investor Relations Department:

Phone number: +966112611716

Email: IR@riyadhcement.com.sa Attached Documents              

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