|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.