Saudi Cement Co. — AGM Information 2011

Feb 22, 2011

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 51ST REGULAR GENERAL ASSEMBLY MEETING

3030 · 22/02/2011 16:24:44 · Announcement #20448 · View on Saudi Exchange

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 51ST REGULAR GENERAL ASSEMBLY MEETING

The Board of Directors of Saudi Cement Company (scc) is pleased to invite all the shareholders owning twenty shares and more to attend the 51st Regular General Assembly meeting which will be held when the quorum of the meeting is obtained by the presence of shareholders representing 50% of the company share capital on Wednesday 18/04/1432H corresponding to 23rd March 2011 at 4:00 p.m. at Sheraton Dammam hotel with the following agenda:

1- Approval of Board of Directors' Report .

2- Approval of financial statements and the Auditors Report for the fiscal year ended on 31/12/2010

3- Absolving the Board of Directors from responsibilities with respect to the management of the company for fiscal year 2010.

4- Approval of Board of Directors' proposal on the distribution of dividends of 40% of the nominal share value at the rate of SR 4 per share to shareholders enrolled on the Company's Shares Record at the end of trading date of the general assembly meeting.

5- Selection of external auditor among candidates nominated by the Audit Committee for auditing annual financial statement of year 2011 and reviewing the quarterly accounts of the company along with defining their audit fees, or selecting other external auditors.

All eligible shareholders who would like to authorize some other eligible shareholders to attend the meeting on their behalf may do so provided that the attorney shall not be an scc board member or an employee of the company. Original Power of attorneys dully authenticated from a chamber of Commerce or a bank operating in KSA they have account with or their employers or official government department should be sent to the company's head office at least three days prior to the general assembly meeting. As per directions of the Ministry of Commerce & Industry, all the shareholders or their legal representatives who will attend the meeting shall present their Civil Card and shares certificate.

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