Arabian Cement Company invites its Shareholders to Attend the tenth Extraordinary General Assembly meeting (First Meeting) virtually, Via Modern Technology Means
| Element List | Explanation |
|---|---|
| Introduction | Arabian Cement Company Board of Directors are pleased to invite the honorable shareholders to attend and vote in the 10th Extraordinary General Assembly meeting (the first meeting), to be held at 7:00 PM on Sunday 19/12/1446H corresponding to 15/06/2025, via modern technology means |
| 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 | 2025-06-15 Corresponding to 1446-12-19 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 Company’s 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 ends at the time of convening of 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 reference to Article (35) of the company’s bylaws, the Extraordinary General Assembly meeting shall be held in the presence of shareholders representing at least half (50%) of the Company's capital. In case of non-completion of the quorum at this meeting, a second meeting shall be held within one hour of the scheduled time for the first meeting, and the second meeting shall be valid if attended by shareholders representing at least a quarter (25%) of the Company's capital. |
| General Assembly Meeting Agenda | 1- Voting on transferring the entire balance of the statutory reserve amounting to 500 million Saudi riyals as stated in the financial statements for the year ending December 31,2024, AD to the retained earnings item.
2- Voting on transferring the entire balance of the general reserve amounting to 95 million Saudi riyals as stated in the financial statements for the year ending December 31,2024, AD to the retained earnings item. 3- Voting on the establishment of an Employee Shares Program and the authorization of the Board of Directors to determine the terms and conditions of the program, including the offering price for each share allocated to employees, if applicable. 4- Voting on the purchase of maximum of 150,000 shares from its common stocks and keep them as treasury shares, for the purpose of allocating them to the Employees Shares Program as per regulations, provided that financing the purchase is from the company’s own resources, and authorizing the Board of Directors to complete the purchase within a maximum period of 18 months from the date of the Extraordinary General Assembly’s decision, and that the purchased shares are kept for a period not exceeding 5 years from the date of the Extraordinary General Assembly’s approval. After the expiration of this period, the company will follow the procedures and controls stipulated in relevant laws and regulations (Attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the items listed in the general assembly meeting’s agenda in accordance with regulations |
| Details of the electronic voting on the Assembly’s agenda | The honorable shareholders can review and vote on the entire Articles of the General Assembly remotely, noting that the automatic voting will start at 1:00 AM on Wednesday 15/12/1446 H corresponding to 11/06/2025 Until the end of the meeting period, we invite all shareholders to participate and vote online via (Tadawulaty) web site.(Tadawulaty) service is available and free of charge to all shareholders through visiting Tadawulaty website via the link https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We would also like to draw the attention of the shareholders in case of any inquiries, to kindly contact Investor Relations at (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 |
| Attached Documents | |
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