|Introduction ||The Board of Directors of Al-Jouf Cement Company (a Saudi joint stock company) is pleased to invite its shareholders to attend the ordinary general assembly meeting (the first meeting) by means of modern technical means used by the Capital Market Authority to content itself with holding the societies of joint-stock companies via remote technical means and to suspend their contract in attendance until notice Another, in order to ensure the safety of dealers in the financial market and within the support of preventive and precautionary efforts and measures by the relevant and relevant health authorities to address the new Corona virus (COVID 19). In continuation of the continuous efforts that all government agencies in the Kingdom of Saudi Arabia continue to take the necessary preventive measures to prevent its spread. |
|City and Location of the General Assembly's Meeting ||The company's headquarters are in Riyadh, Al-Rabwah District, Omar Bin Abdulaziz Road, next to Al-Tamimi Markets Building, Al-Faiz Building |
|URL for the Meeting Location ||No English translation, kindly refer to the Arabic version |
|Date of the General Assembly's Meeting ||2020-06-29 Corresponding to 1441-11-08 |
|Time of the General Assembly's Meeting ||20:30 |
|Attendance Eligibility ||Also, every shareholder registered in the company’s shareholders ’record at the depository center at the end of the trading session preceding the assembly’s meeting, has the right to register the electronic attendance and vote using the deliberative system in the assembly meeting according to the rules and regulations |
|Quorum for Convening the General Assembly's Meeting ||The ordinary general assembly meeting shall be valid if attended by shareholders representing at least a quarter of the capital, and if the quorum is not required to hold this meeting, the second meeting will be held one hour after the end of the period specified for the first meeting, and in all cases the second meeting will be valid whatever the number of shares represented in it |
|General Assembly Meeting Agenda ||1- Vote on the financial statements for the year ended December 31, 2019 |
2- Vote on the report of the Board of Directors for the year ending on 31/12/2019.
3- Voting to absolve the members of the Board of Directors for the year ended December 31, 2019.
4- Vote on the auditor's report for the fiscal year ending on 31/12/2019.
5- Vote to appoint the company’s auditor from among the candidates based on the recommendation of the audit committee, to examine, review and audit the financial statements for the second, third, fourth and annual quarter of the fiscal year 2020 and the first quarter of the year 2021 and determine its fees.
7- Vote on the business and contracts that will take place between the company and the Saudi Marsh Insurance Company and for which a member of the Board of Directors Mr. Abdulaziz bin Abd Allah El-Kaaki has a direct interest in it, which is the term of insurance mediation between Al-Jouf Cement Company and other insurance companies, for a period of one year, where the value of the deal during the year 2019 m (2,677) riyals, according to the prevailing commercial conditions. (Facility)
8- Voting on delegating the Board of Directors the authority of the General Assembly of Shareholders with the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the shareholders ’general assembly or until the end of the delegated Board of Directors session, whichever is earlier.
This is in accordance with the conditions mentioned in the controls and regulatory procedures issued in implementation of the corporate system for companies
|Proxy Form || |
|E-Vote ||Note that the shareholders registered in the deliberative services will be able to vote remotely on the association’s items starting from ten in the morning on Thursday 4 Dhu al-Qi'dah 1441 AH corresponding to June 25, 2020 AD until the end of the time of the assembly. |
Registration and voting for Tadawulati 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 case there are questions, we hope to contact the shareholders relations department (phone number: 0112000388), |
|Attached Documents|| |