Riyadh Cement Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Riyadh Cement Co. a Listed Joint Stock Company, are pleased to invite the shareholders to the Ordinary General Assembly Meeting (First Meeting), scheduled to be held at 08:00 p.m. on Thursday 17 April 2025 (19-10-1446H) by Means of Modern Technology |
| City and Location of the General Assembly's Meeting | Head Office Imamm Soud Bin Abdulaziz Bin Mohammed, AL-Muhammdyah - Riyadh |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-04-17 Corresponding to 1446-10-19 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends 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 the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | In order for a regular general assembly meeting to be valid, the attendance of shareholders must representing at least 25% of the company's shares. In case the quorum is not complete, a second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares attend in it. |
| General Assembly Meeting Agenda | 1. To review and discuss the report of the Board of Directors for the fiscal year ending on 12/31/2024 AD.
2. Reviewing and discussing the financial statements for the fiscal year ending on 12/31/2024 AD.
3. To vote on the auditor's report for the fiscal year ending on 12/31/2024.
4. Vote to absolve the members of the Board of Directors from liability for the year ending on 12/31/2024.
5. To vote on appointing the auditor of the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the company’s financial statements for the (first, second and third) and annual quarters of the fiscal year 2025 AD, and the (first, second and third) and annual quarters of the fiscal year 2026 AD, and the (first, second and third) and annual quarters of the fiscal year 2027 AD, and the first quarter of the year 2028 AD, and determine his fees.
6. To vote on the recommendation of the Board of Directors to distribute cash dividends in the amount of 150,000,000 SAR to shareholders for the second half of the year 2024, at a rate of 1.25 SAR per share, representing 12.5% of the capital. The entitlement to the dividends will be for shareholders who own shares at the end of the trading day of the general assembly meeting and are registered in the company’s shareholder register at the Saudi Securities Depository Center Company (Edaa) by the end of the second trading day following the date of entitlement. The dividend distribution will take place on Tuesday, 1st of Dhu al-Qi'dah 1446 AH, corresponding to April 29, 2025.
7. To vote on the business and contracts concluded between the company and Tawa Company, in which a member of the Board of Directors, Dr. Nasser Aqil, has a direct interest. These involve the sale of cement material during the year 2024 for a total value of 40,876,786 SAR, under prevailing commercial terms.
8. To vote on the business and contracts that were concluded between the company and Al-Rasheed Cement Company, for which the Chairman of the Board of Directors, Mr. Salah Al-Rasheed, has a direct interest. These involve the sale of cement material during the year 2024 for a total value of 129,826,390 SAR, under prevailing commercial terms.
9. To vote on the business and contracts concluded between the company and Precast Building Systems for Cement, in which a member of the Board of Directors, Mr. Mohammed Al-Mulhim, has a direct interest. These involve the sale of cement material during the year 2024 for a total value of 505,781 SAR, under prevailing commercial terms.
10. To vote on the disbursement of an amount of (2,100,000) two million and one hundred thousand Saudi riyals as a reward for the members of the Board of Directors for the fiscal year ending on 12/31/2024 AD
11. To vote on authorizing the Board of Directors to distribute interim profits on a semi-annual or quarterly basis for the fiscal year 2025.
12. To vote on the election of Board members from among the candidates for the upcoming term, which will begin on 15/06/2025 and last for 3 years, ending on 14/06/2028. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | 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. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty service will be able to vote electronically on the General Assembly’s agenda. Electronic voting will start on Monday at 1:00 AM 14/04/2025 G, and will last until the end of the General assembly time, noting that the registration and voting is free of charge for all Shareholders via: http://tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | In case For inquiries and questions about the agenda items of the Ordinary General Assembly, you can contact the Investor Relations Department:
Phone number: +966112611716
Email: IR@riyadhcement.com.sa |
| Attached Documents | |
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