Saudi Cement Co. — AGM Information 2012

Mar 12, 2012

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 52ND REGULAR GENERAL ASSEMBLY MEETING (REMINDER)

3030 · 12/03/2012 08:44:42 · Announcement #24583 · View on Saudi Exchange

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 52ND REGULAR GENERAL ASSEMBLY MEETING (REMINDER)

The Board of Directors of Saudi Cement Company (SCC) is pleased to invite all the shareholders owning twenty shares and more to attend the 52nd 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 21/04/1433H corresponding to 14 March 2012 at 4:00 p.m. at Algosaibi Hotel, Al-Khobar with the following agenda:

1. Approval of Board of Directors' Report for the fiscal year 2011.

2. Approval of financial statements and the Auditors Report for the fiscal year ended on 31/12/2011.

3. Absolving the Board of Directors from responsibilities with respect to the management of the company for fiscal year 2011.

4. Approval of Board of Directors' proposal on the distribution of dividends for 2011 at the rate of SR 6.5 per share representing 65% of Paid up Capital. Interim dividends for first half of 2011 were already distributed at the rate of SR 2 per share representing 20% of Paid up Capital. Entitlement to interim dividends for the second half of 2011 amounting to SR 4.5 per share shall be to shareholders on record as at the end of Tadawul dealings on the date of this general assembly meeting.

5. Selection of external auditor among candidates nominated by the Audit Committee for auditing annual financial statements of year 2012 and reviewing the quarterly accounts of the company along with fixing their audit fees, or selecting other external auditors.

6. Approval of amendment to article no. Eight of Audit Committees Charter of responsibilities and functions

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 duly authenticated from a Chamber of Commerce or a bank operating in KSA which holds their account or their employers or official government departments 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.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.