Saudi Cement Co. — AGM Information 2013

Feb 20, 2013

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 54TH REGULAR GENERAL ASSEMBLY MEETING

3030 · 20/02/2013 09:55:59 · Announcement #29033 · View on Saudi Exchange

SAUDI CEMENT COMPANY INVITES ITS SHAREHOLDERS FOR THE 54TH REGULAR GENERAL ASSEMBLY MEETING

The Board of Directors of Saudi Cement Company (SCC) is pleased to invite the shareholders owning twenty shares and more to attend the 54th Regular General Assembly meeting which will be held. on Wednesday 8/05/1434H corresponding to 20th March 2013 at 4:00 p.m at Sheraton Dammam hotel with the following agenda:

1- Approval of Board of Directors' Report for the fiscal year 2012 .

2- Approval of financial statements and the Auditors Report for the fiscal year ended on 31/12/2012

3- Absolving the Board of Directors from responsibilities with respect to the management of the company for fiscal year 2012.

4- Approval of Board of Directors' proposal on the distribution of cash dividends at the rate of SR 7 per share representing of 70% of the nominal share value with total amount of SR 1.071billion . Interim dividends for First half of 2012 were already distributed at the rate of SR 3.5 per share representing 35% of the nominal share value with total amount of SR. 535.5 Million . Entitlement to interim dividends for the Second half of 2012 at the rate of SR 3.5 per share representing 35% of the nominal share value with total amount of SR. 535.5 Million to shareholders enrolled on the Company's Shares Record at the end of trading date of the general assembly meeting.. the date of the distribution will be announced later.

5- Selection of external auditor among candidates nominated by the Audit Committee for auditing annual financial statement of year 2013 and reviewing the quarterly accounts of the company along with defining their audit fees, or selecting other external auditors.

6- Approve the laying down of specific and explicit polices, standards and procedures, for the membership of the Board of Directors in accordance with the provisions of Para (d) of Article 10 of the Corporate Governance Regulations.

7- Ratification through normal voting of appointing Mr.Mohammed Abdulkarim Alkhereiji as new member (independent member) in the board of directors to fill in the vacant position and complete the period of his predecessor till the end of this current term.

8- Ratification of stoppage of 10% appropriation of net profits as a legal reserve since it has reached 50% of paid-up capital.

(Continued)

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