| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Umm Al-Qura Cement Company is pleased to invite the shareholders to participate and vote in the first meeting of the Ordinary General Assembly, which is scheduled to be held, God willing, by means of modern technology, through Tadawulaty Platform. |
| City and Location of the General Assembly’s Meeting | Through modern technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2023-05-04 Corresponding to 1444-10-14 |
| Time of the General Assembly’s Meeting | 20:30 |
| Attendance Eligibility | Each Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting has the right to attend the General Assembly’s Meeting as per Laws and Regulations, Noting that the eligibility to register attendance for the assembly meeting ends at the time of the assembly meeting, and the right to vote on the assembly items for the attendees ends when the counting committee finishes sorting the votes and according to the rules and regulations,
shareholders have the right to discuss the topics on the assembly’s agenda and direct their inquiries. |
| Quorum for Convening the General Assembly’s Meeting | The General Assembly meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held in one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | 1-View and discuss the Board of Directors’ report for the fiscal year ending on 31 December 2022.
2- View and discuss the Financial Statements for the fiscal year ended on 31 December 2022. 3- Voting on the company’s auditor’s report for the fiscal year ending on 31 December 2022. 4- Voting on absolving the members of the Board of Directors from liability for the fiscal year ending on 31 December 2022. 5- Voting on appointing the company’s auditor from among the candidates based on the audit committee’s recommendation to examine, review and audit the financial statements for the second and third quarter of the fiscal year 2023 and the first quarter of the fiscal year 2024, and determine their fees. 6- Voting on the Board of Directors recommendation of non-distribution of dividends for the fiscal year 2022. 7- Voting on authorizing the board of directors to distribute interim (semi-annual or quarterly) dividends for the financial year 2023. 8- Voting on the Board’s resolution to appoint Mr. Abdullah Hamdan Alsourayia as an Audit Committee member, starting from 30/03/2023 AD. until the end of the current committee’s term on 03/07/2024 AD., to succeed the former committee member Mr. Yousef Mohammad Al-Sohibani, effective from the date of the resolution issued on 30/03/2023 AD. This appointment is in accordance with the Audit Committee Regulations. (CV attached). |
| Proxy Form |  |
| E-Vote | Shareholders registered on the Tadawulaty Platform can vote remotely on the the assembly’s items from 1:00 am on Sunday 10 Shawal 1444 AH (30 April 2023 AD) until the end of the assembly time. |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | In the event of an inquiry, we hope to contact the Shareholders Relations Department through
Phone number: 00966114874477 Email: ir@uacc.com.sa |
| Attached Documents | |
Umm Al-Qura Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
