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Al Jouf Cement Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

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Introduction Al-Jouf Cement Company announces the results of the ordinary general assembly meeting (the second meeting), which was held at nine thirty in the evening on Monday, 08-11-1441 AH corresponding to 06/29-2020 AD through modern technology (remote voting) according to the direction of the authority The financial market according to its decision dated 7/21-1441 AH corresponding to 16/3-2020 to suspend the contract of general assemblies for companies listed in the financial market in attendance until further notice, as the quorum for the first meeting was not completed and the second meeting was held an hour after the time specified for the first meeting at a rate Attendance amounted to 8.31% as the quorum for the second meeting is to attend any number of the company's shares
City and Location of the General Assembly's Meeting The association was held by means of modern technology
Date of the General Assembly's Meeting 2020-06-29 Corresponding to 1441-11-08
Time of the General Assembly's Meeting 21:30
Percentage of Attending Shareholders 8.31%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The meeting of the association was attended by modern technology means, board members:

Mr: Mohamed Said Attia- Chairman of the Board

Mr:Abdul Aziz Abdul Ilah Kaaki

Mr: Faisal Hamza Al-Khouli

He did not attend:

Mr. Abdul-Ilah Saleh Kaaki, Vice-Chairman of the Board

Mr: Saad Sanaitan Hudaib

Mr: Ashry Saad Al-Ashry

Mr: Ibrahim Mazen Khashoggi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf A representative of the Risk Committee attended:

Mr: Abdulaziz Abdulelah Al-Kaaki - Chairman of the Committee

Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval of the financial statements for the year ended 31/12/2019

2- Approval of the report of the Board of Directors for the year ended 31/12/2019.

3- Approving the release of the members of the Board of Directors for the year ended December 31, 2019.

4- Approving the auditor's report for the fiscal year ending on 31/12/2019.

5- Approving the appointment of the office of Al-Kharashi and Co. as accountants and legal auditors as auditors 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, fourth and annual quarter of the fiscal year 2020 AD and the first quarter of the year 2021 and determine its fees.

6- Approval of the works and contracts that will be concluded between the company and the company Top Sky for Contracting and for which a member of the board of directors Mr. Faisal bin Hamza al-Khouli has a direct interest in it, which is the assignment of cleaning and operating works, for a period of one year, where the amount of dealing during the year 2019 amounted to (1,241,806) riyals And by the prevailing commercial conditions.

7- Approval of the works and contracts that will be concluded between the company and the Saudi Marsh Insurance Company and for which a member of the Board of Directors Mr. Abdullah Al-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 amount of the deal during the year 2019 amounted to ( 2,677) riyals, according to the prevailing commercial conditions

8- Approval of delegating the Board of Directors the authority of the General Assembly of the 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 General Assembly of Shareholders or until the end of the delegated Board of Directors session, whichever is earlier, according to the conditions stated in Controls and regulatory procedures issued in implementation of the companies ’system for listed joint stock companies.

The Capital Market Authority and the Saudi Stock 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.

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