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

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

ELEMENT 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, which was held at 10:30 pm on Wednesday 16 Ramadan 1442 AH corresponding to April 28, 2021 AD, in Riyadh at the company’s headquarters through modern technology, and the attendance rate reached 34.19% After completing the quorum required for the validity of the assembly to convene, 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 2021-04-28 Corresponding to 1442-09-16
Time of the General Assembly’s Meeting 22:30
Percentage of Attending Shareholders 34.19405%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees 1- Mr. Abdulaziz Omran Mohamed Alomran (Chairman of the Board of Directors) .

2- Mr. Abdullah Abdulaziz Suleiman Alabdulatif (Vice Chairman of the Board of Directors) .

3- Mr. Fawaz Hamad Fawaz Alfawaz .

4- Mr. Saleh Ibrahim Abdullah Al-Khulaifi .

5- Mr. Saud Mahamed Ali Al-Sabhan

6- Mr. Ahmed Saeed Ahmed Al-Ay

Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf Mr. Ahmed Saeed Ahmed Al-Ay ( Chairman of the Audit Committee).

 

Mr. Saud Mahamed Ali Al-Sabhan (Chairman of the Nomination and Remuneration Committee).

Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1- The approval of the Board of Directors’ report for the fiscal year ending on 31/12/2020 .

 

2- The approval of the financial statements for the fiscal year ending on 31/12/2020 .

 

3- The approval of the company’s auditor’s report for the fiscal year ending on 31/12/2020.

 

4- The approval of discharge the members of the Board of Directors from liability for the fiscal year ending on 31-12-2020.

 

5- The approval of appointing of the company’s auditor Dr Abdelgadir Bannaga & Partners Company (Allied Accountants) (RSM) on the recommendation of the audit committee, in order to check, review and audit the financial statements for the quarters (second, third, fourth and annual) of financial year 2021, and the first quarter of financial year 2022.

 

6- The approval of the updating of the audit committee charter .

 

7- The approval of the updating of the policies, criteria, and procedures for Board of Directors membership .

 

8- The approval of the Board of Directors ’recommendation to distribute an amount of (22,000,000) as cash dividends to the shareholders for the second half of the fiscal year ending on 31/12/2020 at a rate of (0.40) riyals per share. provided that the eligibility of the shareholders who own the shares at the end of the trading day of the meeting and those registered in the company’s shareholders ’register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date, , and The distribution date will be at 10 May 2021.

9. The approval of the election of board members from among the candidates for the next session starting from 04/07/2021 and for a period of three years, which ends on 03-07-2024 AD And the board members:

1- Mr. Abdullah Abdulaziz Suleiman Alabdulatif .

2- Mr. Ahmd Abdulaziz Saleh AlHagbani

3- Mr. Saud Mahamed Ali Al-Sabhan

4- Mr.Abdulrahman Sulaiman AlSayyari

5- Mr. Abdullah hamdan Sourayia AlSourayia

6- Mr. Saleh Ibrahim Abdullah Al-Khulaifi

10- The approval of forming the Audit Committee, defining its duties, operating controls, and remuneration for its members for the new session that starts on 04/07/2021 for a period of three years, of the following members:

1- Mr. Fawaz Hamad Fawaz Al-Fawaz. Chairman of the audit committee (Membership status: Outside the Board).

2- Mr. Saud Mohammed Ali Al-Sabhan. Member of the audit committee (Membership status: Independent).

3- Mr. Youssef Mohammed Ali Al-Suhaibani. Member of the audit committee (Membership status: – Outside the Board).).

 

11- The approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the fiscal year 2021.

 

12- The approval of the business and contracts that will be concluded between the company and the Abdul Aziz bin Omran Al-Omran and Partners Company, in which the Chairman of the Board of Directors Mr. Abdulaziz bin Omran Al-Omran has an indirect interest in it, which is the sale of cement to the Abdul Aziz bin Omran Al-Omran Company during the next year and there are no special conditions on This type of contract. and it is expected that the volume of transactions will reach 10 million Saudi riyals.

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

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

 

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 90,406,292 96,451,448 -6.267 86,713,490 4.258
Gross Profit (Loss) 40,859,774 48,135,865 -15.115 37,863,071 7.914
Operational Profit (Loss) 37,821,384 44,996,657 -15.946 33,384,148 13.291
Net Profit (Loss) after Zakat and Tax 31,036,952 38,513,800 -19.413 26,273,479 18.13
Total Comprehensive Income 31,036,952 38,513,800 -19.413 26,235,702 18.3
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) 751,426,426 672,041,676 11.812
Profit (Loss) per Share 0.56 0.7
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:

 

1- Decrease in the quantity and value of sales for the current quarter compared to the same quarter of the previous year.

 

2- The high selling and marketing expenses and Zakat expense for the current quarter compared to the same quarter of the previous year

 

3- The decrease in other income for the current quarter compared to the same quarter of the previous year, despite the decrease in general and administrative expenses and 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 increase in the net profit for the current quarter compared to the previous quarter is the increase in the quantity and value of sales for the current quarter compared to the previous quarter, as well as the decrease in selling and marketing expenses, the decrease in general and administrative expenses, and the decrease in Zakat expense during 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 the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Umm Al-Qura Cement Co. Announces the start of electronic voting on the Ordinary assembly General Meeting Agenda (First Meeting)

ELEMENT LIST EXPLANATION
Announcement Detail Referring to the Company’s announcement published on Tadawul on Thursday 19-08-1442 H corresponding to 01-04-2021, which includes inviting the esteemed shareholders to Ordinary general assembly meeting (first meeting) scheduled at 22:30 on Wednesday 16-09-1442 H corresponding to 28-04-2021 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, Saturday 12-09-1442 H corresponding to 24-04-2021 , 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 Investor Relations Department during the official working hours at

 

Tel: 011-4874477 Extn. 117

 

Email: ir@localhost

Attached Documents    

 

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

Umm Al-Qura Cement Company invites its shareholders to attend the Ordinary General assembly meeting (first meeting) through modern technology

 

ELEMENT LIST EXPLANATION
Introduction The Board of Directors of Umm Al-Qura Cement Co. is pleased to invite the valued shareholders to attend the meeting of the General Assembly (the first and second meeting after an hour) scheduled to be held through modern technology methods using link (www.tadawulaty.com.sa), In support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the new coronavirus (COVID-19) and as an extension of the ongoing efforts of all government agencies in Saudi Arabia to take preventive measures to prevent its spread.
City and Location of the General Assembly’s Meeting Head office in – Al-Sahafa District – theRiyadh – Company head office – 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 2021-04-28 Corresponding to 1442-09-16
Time of the General Assembly’s Meeting 22:30
Attendance Eligibility Each shareholder who is registered in the company’s shareholders ’register at “Edaa” Center at the end of the trading session preceding the Assembly’s meeting has the right to register electronic attendance and vote using tadawulaty service at the assembly meeting according to the rules 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 31/12/2020 .

 

2- Voting on the financial statements for the fiscal year ending on 31/12/2020 .

 

3- Voting on the company’s auditor’s report for the fiscal year ending on 31/12/2020.

 

4- Voting on discharge the members of the Board of Directors from liability for the fiscal year ending on 31-12-2020.

 

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 2021 and the first quarter of the fiscal year 2022, and determine their fees.

 

6- Voting on the updating of the audit committee charter (Attached).

 

7- Voting on the updating of the policies, criteria, and procedures for Board of Directors membership (Attached).

 

8- Voting on the Board of Directors ’recommendation to distribute an amount of (22,000,000) as cash dividends to the shareholders for the second half of the fiscal year ending on 31/12/2020 at a rate of (0.40) riyals per share. provided that the eligibility of the shareholders who own the shares at the end of the trading day of the meeting and those registered in the company’s shareholders ’register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date, the date of dividend distribution will be announced later.

 

9. Voting on the election of board members from among the candidates for the next session starting from 04/07/2021 and for a period of three years, which ends on 03-07-2024 AD. (CVs of the candidates are attached).

 

10- Voting on forming the Audit Committee, defining its duties, operating controls, and remuneration for its members for the new session that starts on 04/07/2021 for a period of three years, noting that the candidates are (their CVs attached):

1- Mr. Fawaz Hamad Fawaz Al-Fawaz. Chairman of the audit committee (Membership status: Independent).

2- Mr. Saud Mohammed Ali Al-Sabhan. Member of the audit committee (Membership status: Independent).

3- Mr. Youssef Mohammed Ali Al-Suhaibani. Member of the audit committee (Membership status: – Outside the Board).).

 

11- Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the fiscal year 2021 (Attached).

 

12- Voting on the business and contracts that will be concluded between the company and the Abdul Aziz bin Omran Al-Omran and Partners Company, in which the Chairman of the Board of Directors Mr. Abdulaziz bin Omran Al-Omran has an indirect interest in it, which is the sale of cement to the Abdul Aziz bin Omran Al-Omran Company during the next year and there are no special conditions on This type of contract. and it is expected that the volume of transactions will reach 10 million Saudi riyals.(Attached).

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 Saturday 12 Ramadan 1442 AH (24 April 2021 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 the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Umm Al-Qura Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

 

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE
Sales/Revenue 333,331,641 255,936,880 30.239
Gross Profit (Loss) 158,034,900 119,101,301 32.689
Operational Profit (Loss) 144,455,632 106,556,839 35.566
Net Profit (Loss) after Zakat and Tax 117,672,926 79,823,172 47.417
Total Comprehensive Income 117,111,598 79,291,188 47.698
Total Share Holders Equity (after Deducting Minority Equity) 720,389,474 633,527,876 13.71
Profit (Loss) per Share 2.14 1.45
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 1- The increase in the quantity and value of sales, and an increament in the average selling price during the current year compared to the last year.

 

2- The increase in other revenues during the current year compared to the last year, and the decrease in financing costs during the current year compared to the last year in spite of the increase in selling and marketing, general and administrative expenses during the current year compared to the last year and the increase in Zakat expense during the current year compared to the last year.

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.