|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
|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: email@example.com|