Yamama Cement Company invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) by Means of Modern Technology - Reminder
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Yamama Cement Company is pleased to invite the honorable shareholders to participate and vote on the items of the company’s fifty-fourth ordinary general assembly meeting (first meeting), which will be conducted virtually via Tadawulaty Platform, for the safety of the shareholders of the company and to support the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona virus pandemic (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly's Meeting | Riyadh - By using modern technology from the company's headquarters |
| URL for the Meeting Location | http://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-03-28 Corresponding to 1443-08-25 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Every shareholder has the right to participate and that is for the shareholders registered in the company's shareholders register at the Depository Center at the end of the trading session preceding the General Assembly meeting, according to the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | The quorum for holding the Ordinary General Assembly meeting is valid if shareholders representing at least 25 percent of the company's paid-up capital are present. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for the first meeting. In all cases, the second meeting will be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Voting on the Board of Directors' report for the financial year ending on 31/12/ 2021. |
2. Voting on the company's financial statements for the financial year ending on 31/12/2021.
3. Voting on the company's auditor's report for the financial year ending on 31/12/2021.
4. Voting on discharging the members of the Board of Directors from for the financial year ending on 31/12/2021.
5. Voting on the hiring of the company's auditor among the selected candidates based on the recommendation of the audit committee, in order to check, review and audit the financial statements for the quarters (second, third, and annual) of the financial year 2022, and the first quarter of the financial year 2023, and determine its fees.
6. Voting on delegating the Board of Directors to distribute interim dividends in semiannually / quarterly basis for the financial year 2022.
7. Voting on the business and contracts that took place between the company and the Yemeni Saudi Company, in which the former Vice Chairman of the Board Prince Sultan bin Muhammad bin Saud Al Kabeer has a direct interest, which is about guarding expenses for the factory located in Yemen during the year 2021 and there are no preferential terms) in the amount of 252 thousand Rial. (attached)
8. Voting on the business and contracts that took place between the company and the Arab Shield Cooperative Insurance Company, which belong to the former deputy of the board of directors, Prince Sultan bin Muhammad bin Saud Al-Kabeer, the current deputy chairman of the board, Prince Nayef bin Sultan bin Muhammad bin Saud Al-Kabeer, and a member of the board of directors, Eng. Abdullah bin Abdulrahman Al-Obaikan A direct interest in it, which is a cooperative insurance during the year 2021, and there are no preferential terms at an amount of 13,545 thousand riyals. (attached)
9. Voting on the business and contracts that took place between the company and the Saudi Mobile Telecommunications Company “Zain”, in which the Vice Chairman of the Board of Directors Prince Nayef bin Sultan bin Muhammad bin Saud Al-Kabeer has an indirect interest, which is the provision of telecommunications services during the year 2021 and there are no preferential conditions In the amount of 1,543 thousand riyals. (attached).
10. Voting on the business and contracts concluded between the company and Al Rajhi Bank, in which a member of the Board of Directors, Eng. Faisal bin Sulaiman Al Rajhi, has an indirect interest, which is the provision of financing services during the year 2021, and there are no preferential terms at an amount of 563 million riyals. (attached)
11. Voting on the business and contracts between the company and Cement industry products in which the former board member and CEO, Mr. Jehad bin Abdulaziz Al-Rasheed, has an indirect interest, which is the sale of cement bags during the year 2021, and there are no preferential terms for an amount of 16,302 thousand riyals. (attached)
12. Voting on disbursing an amount of SR 1,400,000 as a reward for members of the Board of Directors for the financial year ending on 31/12/2021.
13. Voting to amend the policies and standards of membership. (attached)
14. Voting to approve the Social Responsibility. (attached)
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.