| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Southern Province Cement Company announces the results of the ordinary general assembly meeting that was held by means of modern technology, as the results of the voting on the assembly agenda were as follows: |
| City and Location of the General Assembly’s Meeting | Main Center in Abha – Asir region by means of modern technology |
| Date of the General Assembly’s Meeting | 2022-04-12 Corresponding to 1443-09-11 |
| Time of the General Assembly’s Meeting | 22:00 |
| Percentage of Attending Shareholders | 62.92% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | Attended the General Assembly meeting by means of modern technology:1- Dr. Hamad bin Sulaiman Al-Bazai (Chairman)
2- Mr. Mohammed bin Nasser Al Nabit (Deputy Chairman) 3- Dr. Abdullah bin Nasser AbuThnain 4- Mr. Mansour Abdulaziz Al-Saghayr 5- Eng. Ahmed bin Ali bin Abdul Karim Al-Lohaidan 6- Eng. Abdullah bin Abdulaziz Al-Qaed 7- Eng. Thamer bin Mohammad bin Muqhem al-Muhaid 8- Mr. Majid bin Khalid Al-Assaf 9- Mr. Jaser bin Abdullah Al-Jaser |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | The heads of the committees or their delegates attended by means of modern technology:1- Dr. Hamad bin Sulaiman Al-Bazai (Head of the Executive Committee)
2- Mr. Mansour Abdulaziz Al-Saghayr (Head of the Investment Committee) 3- Eng. Ahmed bin Ali bin Abdul Karim Al-Lohaidan (Head of the Audit Committee) 4- Eng. Thamer bin Mohammad bin Muqhem al-Muhaid (Head of the Nominations and Remuneration Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | first – Approval on the Board of Directors’ report for the fiscal year ending on 31/12/2021.Second – Approval on the financial statements for the fiscal year ending on 31/12/2021.
Third – Approval on the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2021. Fourth – Approval on the decision of the Board of Directors regarding the cash dividends distributed to shareholders for the first half of 2021, by (1.25) riyals and (12.5%) of the capital and a total amount of (175 million) riyals. Fifth – Approval on the Board of Director’s recommendation to distribute dividends amounting to (1.25) riyals per share to the shareholders for the second half of the fiscal year ending on 31/12/2021, with a percentage of (1.25%) of the capital and a total amount of (175 million) riyals, Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, and provided that the distribution of dividends begins on Monday 23/09/1443 AH – 24/04 /2022. Sixth – Approval on appointing (KPMG) auditor for the company from among the candidates based on the audit committee’s recommendation The appointed auditor shall examine, review and audit the second and third quarter and annual financial statements, of the fiscal year 2022., and the first quarter of the fiscal year 2023, and the determination of the auditor’s remuneration. Seventh – Voting on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2022. Eighth – Approval on the business and contracts that will be concluded Between the Southern province Cement Company and the Saudi Chemical Company Ltd., which is owned by the Saudi Chemical Holding Company in which the board member Engineer / Thamer bin Mohammed bin Muqham al-Muhaid, has an indirect interest in it as the CEO of the group. These businesses and contracts will be from 07/02/2022 until 06/02/2025, automatically renewed for a similar period and annual transaction value in 2022 is estimated at about (15 million) riyals according to the actual quantities transferred and delivered to the buyer according to the prices without preferential terms. |
