Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Oct 9, 2022

Umm Al Qura Cement Company announces that a major technical failure occurred to a primary component of cement mill No. 1 on 9th August 2022, the failure has caused a seizure of the mill which led to a decline in sold quantities by 1161 tons per day, Umm Al Qura Cement Company is in the process to repair the faulty component. According to expert report from the manufacturer side dated on 7th October 2022, the initial estimated period of full recovery of mill No. 1 will take up to 12 months and consequently Umm Al Qura Cement Company has increased the production capacity of the operating mill to cover partially the temporary shortage .

 

Umm Al Qura Cement Company is in process to find alternatives to reduce the repair period and to recover the mill to its normal operational status in the shortest possible period. Future updates will be announced on due course, noting that Umm Al Qura Cement Company is still producing the same quantities of clinker which will be stored for grinding at a later stage.

Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Aug 18, 2022

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 59,483,427 63,895,004 -6.9 65,601,015 -9.32
Gross Profit (Loss) 17,522,624 27,949,106 -37.3 23,139,952 -24.27
Operational Profit (Loss) 13,512,812 24,446,338 -44.72 19,787,781 -31.71
Net Profit (Loss) after Zakat and Tax 8,334,354 18,414,374 -54.74 13,844,645 -39.8
Total Comprehensive Income 9,104,660 18,283,033 -50.2 13,869,844 -34.36
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 125,084,442 154,301,296 -18.93
Gross Profit (Loss) 40,662,577 68,808,880 -40.91
Operational Profit (Loss) 33,300,590 62,267,722 -46.52
Net Profit (Loss) after Zakat and Tax 22,178,996 49,451,326 -55.15
Total Comprehensive Income 22,974,500 49,319,985 -53.42
Total Share Holders Equity (after Deducting Minority Equity) 758,300,689 747,709,459 1.42
Profit (Loss) per Share 0.4 0.9
All figures are in (Actual) Saudi Arabia, Riyals
CAPITAL
550,000,000
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reasons for the decrease in net profit during the current quarter of 2022 compared with the same quarter of the previous year is due to the decrease in the value of sales and increase in the cost of sales, also increase in selling and marketing expenses for the current quarter compared to the same quarter of the previous year, despite the decrease in financing costs during the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to the decrease in the value of sales for the current quarter compared to the previous quarter, and increase in selling and marketing expenses, general and administrative expenses for the current quarter compared to the previous quarter, despite the decrease in financing costs for the current quarter compared to the previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The main reason for the decrease in net profit for the current period compared to the same period of the previous year is due to decreased value of sales for the current period compared to the same period of the previous year. Increase in selling and marketing expenses, general and administrative expenses for the current period compared to the same period of the previous year , despite the decrease in financing costs for the current period compared to the same period of the previous year.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A
Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

May 11, 2022

LEMENT LIST EXPLANATION
Introduction The Board of Directors of Umm Al-Qura Cement Co. is pleased to announce the results of the company’s Ordinary General Assembly meeting ( Second Meeting ), which was held at 8:00 pm on Tuesday 9 Shawwal 1443 AH corresponding to 10 May 2022 AD, in Riyadh at the company’s headquarters through modern technology, and due to the lack of a quorum at the first meeting, the second meeting was held one hour after the scheduled time for the first meeting with the shares represented in the meeting, as the attendance rate reached 21.99 % of the shares representing the capital., the results of the voting came as follows:
City and Location of the General Assembly’s Meeting By means of modern technology from the company’s headquarters in Riyadh
Date of the General Assembly’s Meeting 2022-05-10 Corresponding to 1443-10-09
Time of the General Assembly’s Meeting 20:00
Percentage of Attending Shareholders 21.99%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees 1- Mr. Abdullah Abdul Aziz Al Abdul Latif (Chairman of the Board of Directors) .

2- Mr. Saud Mohammad Alsabhan (Vice Chairman of the Board of Directors) .

3- Mr. Salih Ibrahim Alkholaifi .

4- Mr. Ahmed Abdulaziz Saleh Alhagbani .

5- Mr. Abdulrahman Sulaiman Ibrahim Alsayyari .

6- Mr. Abdullah Hamdan Al Sourayia .
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf Mr. Yousef Mohammad Alsohibani ( Chairman of the Audit Committee).

 

Mr. Saud Mahamed Al-Sabhan (Chairman of the Nomination and Remuneration Committee).
Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1- Approve the Board of Directors report for the fiscal year ending on 31/12/2021.

2- Approve the financial statements for the fiscal year ending on 31/12/2021.

 

3- Approve the company’s auditor’s report for the fiscal year ending on 12/31/2021.

 

4- Approve discharge the members of the Board of Directors from liability for the fiscal year ending on 31/12/2021.

 

5- Approve the appointment of Messrs ( Allied Accountants Professional Services Company (RSM)) as an auditor of the company’s accounts from among the candidates based on the audit committee’s recommendation to examine, review and audit the financial statements for the second, third, and fourth quarter and the annual of the fiscal year 2022AD and the first quarter of the fiscal year 2023AD, and determine their fees.

 

6- Approve the updating of the remuneration policy for the members of the Board of Directors and the committees emanating from the Board and the Executive Management.

 

7- Approve the Board of Directors recommendation to distribute an amount of (13,750,000) as cash dividends to the shareholders for the second half of the fiscal year ending on 31/12/2021 at a rate of (0.25) riyals per share. provided that the eligibility for profits is for the company’s shareholders who own the shares on the due date who are registered in the company’s shareholder register At the Securities Depository Center (Edaa) at the end of the second trading day following the day of the meeting,Dividends disbursement will start on 24 Shawwal,1443AH (25 May, 2022AD).

 

8- Approve authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the fiscal year 2022, and to determine the maturity and distribution date, in accordance with the organizational procedures and controls issued in implementation of the companies law, in line with the company’s financial position, cash flows, and it’s expansion and investment plans
Additional Information The company also clarifies that the second half of 2021 dividends distribution will be disbursed by Riyad Bank by direct transfer to the bank accounts linked to the investment portfolios of the shareholders.

 

In case of any inquiries, please contact the Investor Relations Department through the following contact details:

• Phone: +966 (11) 4874477 Ext: 117

• Email: ir@localhost
Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

May 9, 2022

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 65,601,015 90,406,292 -27.437 67,575,953 -2.922
Gross Profit (Loss) 23,139,952 40,859,774 -43.367 24,509,172 -5.586
Operational Profit (Loss) 19,787,781 37,821,384 -47.68 20,817,154 -4.944
Net Profit (Loss) after Zakat and Tax 13,844,645 31,036,952 -55.393 16,087,152 -13.939
Total Comprehensive Income 13,869,844 31,036,952 -55.311 16,118,530 -13.95
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after Deducting Minority Equity) 762,946,033 751,426,426 1.533
Profit (Loss) per Share 0.25 0.56
All figures are in (Actual) Saudi Arabia, Riyals
ACCUMULATED LOSSES CAPITAL PERCENTAGE %
0 550,000,000 0
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease in net profit during the current quarter of 2022 AD compared with the same quarter of the previous year is due to the decrease in the quantity and value of sales for the current quarter compared to the same quarter of the previous year. and the increase in selling and marketing expenses, general and administrative expenses for the current quarter compared to the same quarter of the previous year, despite the decrease in financing costs during the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to the decrease in the amount and value of sales for the current quarter compared to the previous quarter, and the increase in financing costs and Zakat expense for the current quarter compared to the previous quarter, despite the decrease in selling and marketing expenses, general and administrative expenses for the current quarter compared to the previous quarter.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A
Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. Announces the starting date of the electronic voting on the items of the Ordinary General Assembly meeting, the first meeting (Reminder announcement)

Apr 28, 2022

ELEMENT LIST EXPLANATION
Announcement Detail Referring to the Company’s announcement published on Tadawul on Thursday 13-09-1443 H corresponding to 14-04-2022, which includes inviting the esteemed shareholders to Ordinary general assembly meeting (first meeting) scheduled at exactly seven o’clock in the evening on Tuesday 9 Shawwal 1443 AH corresponding to 10 May 2022 AD, by means of modern technology . 

Umm Al-Qura Cement Co. is pleased to announce to its shareholders that the electronic voting on the agenda items of the meeting will start from 10:00 am on Friday 05 Shawal 1443 AH (06 May 2022 AD) , until the end of the General Assembly meeting (Attached is a guidance manual for electronic voting process), the service is provided by Edaa Center free of charge for all shareholders. Registration and voting can be done through the following link: https://www.tadawulaty.com.sa

 

For any quires please contact the department of Investors Relations during the official working hours at

 

Tel: 011-4874477 Extn. 117

 

Email: ir@localhost
Attached Documents    
Umm Al-Qura Cement Co. Announces that a major technical failure occurred to a primary component of cement mill No. (1)

Umm Al-Qura Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Apr 14, 2022

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, at exactly seven o’clock in the evening on Tuesday 9 Shawwal 1443 AH corresponding to 10 May 2022 AD, to discuss the next agenda :
City and Location of the General Assembly’s Meeting Head office in Riyadh- Al-Sahafa District – the intersection of King Abdulaziz Road with Anas Bin Malik Road
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly’s Meeting 2022-05-10 Corresponding to 1443-10-09
Time of the General Assembly’s Meeting 19:00
Attendance Eligibility 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 as per Laws and Regulations
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 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- Voting on the Board of Directors’ report for the fiscal year ending on 31/12/2021.

 

2- Voting on the financial statements for the fiscal year ending on 31/12/2021.

 

3- Voting on the company’s auditor’s report for the fiscal year ending on 12/31/2021.

 

4- Voting on discharge the members of the Board of Directors from liability for the fiscal year ending on 31/12/2021.

 

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 2022 and the first quarter of the fiscal year 2023, and determine their fees.

 

6- Voting on the updating of the remuneration policy for the members of the Board of Directors and the committees emanating from the Board and the Executive Management (Attached).

 

7- Voting on the Board of Directors ’recommendation to distribute an amount of (13,750,000) as cash dividends to the shareholders for the second half of the fiscal year ending on 31/12/2021 at a rate of (0.25) riyals per share. provided that the eligibility for profits is for the company’s shareholders who own the shares on the due date who are registered in the company’s shareholder register At the Securities Depository Center (Edaa) at the end of the second trading day following the day of the meeting, and the dividends will be distributed to the registered shareholders within 15 days from the due date of these profits.

 

 

8- Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the fiscal year 2022, and to determine the maturity and distribution date, in accordance with the organizational procedures and controls issued in implementation of the companies law,

in line with the company’s financial position, cash flows, and it’s expansion and investment plans
Proxy Form
E-Vote The company assures to all of its shareholders that registration and voting are limited to the assembly’s items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 10:00 am on Friday 05 Shawal 1443 AH (06 May 2022 AD) until the end of the assembly time .

Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link: (www.tadawulaty.com.sa)
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@localhost
Attached Documents