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

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

Umm Al-Qura Cement Co. announces the distribution of cash dividend for The Second half of the financial year 2021

Mar 17, 2022

ELEMENT LIST EXPLANATION
Introduction The Board of Directors of Umm Alqura Cement Company recommended on Thursday Evening 17-03-2022 corresponding to 14-08-1443(H) to distribute cash dividends to company’s shareholders for the Second Half of year 2021.
Date of the board’s decision 2022-03-17 Corresponding to 1443-08-14
The Total amount distributed 13750000
Number of Shares Eligible for Dividends 55000000
Dividend per share SAR 0.25 per Share
Percentage of Dividend to the Share Par Value (%) 2.5 %
Eligibility date The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later.
Distribution Date Details of dividend distribution date : shall be announced later on.
Additional Information The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day. 

We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
Umm Al-Qura Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Umm Al-Qura Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Mar 17, 2022

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE
Sales/Revenue 278,832,850 333,331,641 -16.349
Gross Profit (Loss) 115,719,334 158,034,900 -26.776
Operational Profit (Loss) 102,192,062 144,455,632 -29.257
Net Profit (Loss) after Zakat and Tax 78,012,178 117,672,926 -33.704
Total Comprehensive Income 78,186,715 117,111,598 -33.237
Total Share Holders Equity (after Deducting Minority Equity) 749,076,189 720,389,474 3.982
Profit (Loss) per Share 1.42 2.14
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason of the decrease in the net profit during this year compared to the previous year are due to the decrease in the amount and value of sales, while the increase in selling and marketing expenses. Also, decrease in the other revenues despite the decrease in general and administrative expenses and, the decrease in financing cost.
Statement of the type of external auditor’s report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified in order to conform with current year presentation
Umm Al-Qura Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Dec 28, 2021

Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone on 24/5/1443 AH corresponding to 28/12/2021 AD from the Ministry of Industry and Mineral Resources

License number: 1443331

License location: Taif – Radwan – Taif/Riyadh main road

License expiry date: 24/5/1444 AH

Area: 23.77 km

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 10/19/1441 AH and its executive regulations.

The company will carry out the necessary exploratory studies on the new quarry during the statutory period to ensure the availability of the required raw materials

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

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 30-9-2021 ( Nine Months )

Oct 27, 2021

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 56,955,601 87,606,540 -34.987 63,895,004 -10.86
Gross Profit (Loss) 22,401,282 41,615,456 -46.17 27,949,106 -19.849
Operational Profit (Loss) 19,107,186 38,544,511 -50.428 24,446,338 -21.84
Net Profit (Loss) after Zakat and Tax 12,473,700 31,911,100 -60.911 18,414,374 -32.261
Total Comprehensive Income 12,748,200 31,835,462 -59.955 18,283,033 -30.273
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 211,256,897 246,618,151 -14.338
Gross Profit (Loss) 91,210,162 120,171,829 -24.1
Operational Profit (Loss) 81,374,908 111,071,484 -26.736
Net Profit (Loss) after Zakat and Tax 61,925,026 91,399,447 -32.247
Total Comprehensive Income 62,068,185 90,875,896 -31.7
Total Share Holders Equity (after Deducting Minority Equity) 732,957,659 694,153,772 5.59
Profit (Loss) per Share 1.13 1.66
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 2021 AD compared with the same quarter of the previous year is due to the decrease in the amount 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 and Zakat expense for the current quarter compared to In 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 for the current quarter compared to the previous quarter, despite the decrease in general and administrative expenses 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 in the amount and 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 and zakat expense for the current period compared to the same period of the previous year and a decrease in other revenues 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 to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Umm Al-Qura Cement Co. Announces Appointment of a CEO

Aug 24, 2021

ELEMENT LIST EXPLANATION
Introduction Umm Al-Qura Cement Company announces the appointment of Mr. Majid Tariq Salah Gharbawi as the CEO of the company as of 20 October, 2021AD corresponding to Rabi` Al-Awal 14, 1443 AH.
ELEMENT LIST EXPLANATION
Appointment Type Appointment
Name of the CEO Mr. Magid Tarik Salah Gharbawi
Date of Board Resolution 2021-08-24 Corresponding to 1443-01-16
Date Work Commencement 2021-10-20 Corresponding to 1443-03-14
Brief Resume Mr. Majid Tariq Gharbawy has more than 17 years of experience in the financial and banking sector, and included in his professional career many administrative and leadership positions for amany of banks and the private sector, and he has great experience in the field of entrepreneurship, corporate finance in various sectors, risk management and finance joint government initiatives. 

 

It is worth noting that Majed Gharbawi holds a Bachelor of Science in Business Administration – Majoring in Financial Management from the University of Southern California, in addition to many specialized certificates from inside and outside the Kingdom.