The Board of Directors of Arabian Cement Company invites its shareholders to attend the seventy-one Ordinary General Assembly meeting (First meeting) through modern technological means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arabian Cement Company is pleased to invite the honorable shareholders to participate in the 71st Ordinary General Assembly Meeting (First Meeting), via electronic communication means, which will be held, at 06:30 PM (18:30) on Wednesday 27/10/1447H corresponding to 15/04/2026G |
| City and Location of the General Assembly's Meeting | Via electronic communication means at the company's headquarters in Jeddah |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-04-15 Corresponding to 1447-10-27 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the General Assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the General Assembly meeting end at the time of convening the General Assembly meeting. The attendees right to vote on the items of the Assembly's agenda ends upon the end of screening the votes by Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to the provisions of Article (29) of the Company’s Articles of Association, for the ordinary General Assembly meeting to be valid, shareholders representing at least (25%) of the Company’s voting shares must be present. |
If this quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid regardless of the number of shareholders present or the number of voting shares represented therein.
2- Review and discuss the company's financial report for the FY ending on December 31st, 2025.
3- Voting on the Company's auditor report for the FY ending on December 31st, 2025, after discussing it.
4- Voting on the appointment of an auditor of the company from among the candidates based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second, third and annual quarters of fiscal year 2026 and the first quarter of fiscal year 2027 and determine his fees.
5- Voting on the disbursement of (3) million riyals of remuneration to the members of the board of directors for the fiscal year ending on December 31, 2025.
6- Voting on the discharge of the members of the board of directors for the financial year ended December 31, 2025.
7- Voting on the authorization of the board of directors to distribute interim dividends on a semi / quarterly basis for the fiscal year 31 December 2026.
8- Voting on the recommendation of the board of directors to distribute cash dividends in the amount of (100) million Riyals to shareholders for the second half of 2025 (1) Riyal per share (equivalent to 10% of the capital). Provided that the eligibility of shareholders owning shares by the end of the trading day of the General Assembly and registered in the Register of shareholders of the company with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly, the date of dividend distribution will be on Thursday 13/11/1447 AH corresponding to 30/04/2026 AD.
9- Voting on the business and contracts concluded during the fiscal year ending on December 31,2025, between the Company and Riyad Bank, in which the Chairman of the Board, Eng. Mutaz Qusai Al-Azzawi (Non- Executive Member), has an indirect interest due to his membership on the Board of Directors of Riyad Bank, and Mr. Fahad Abdullah Al-Issa (Non-Executive Member), who has an indirect interest as his father, Eng. Abdullah Mohammed Al-Issa, Serves as Chairman of the Board of Directors of Riyad Bank.The transaction is a short-term loan (three months) amounting to SAR 65 million, noting that there are no preferential terms for this type of contract (attached).
10- Voting on authorizing the Board of Directors with the authority granted by the Ordinary General Assembly as stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the delegated Board’s term, whichever comes first, in accordance with the conditions set forth in the Implementing Regulations of the Companies Law applicable to listed joint-stock companies.
www.tadawulaty.com.sa
Please note that registration for Tadawulaty services and voting is available free of charge to all shareholders.
Investor Relations: (0126948110) or via e-mail
Investors.Relations@arabiancement.com.sa
Or write to the following address:
Arabian Cement Company (Investor Relations) National Address: 8605 King Abdulaziz Road – Al Nahda District – Jedah 23523
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.