| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of the Southern Province Cement Company is pleased to invite the shareholders to participate and vote in the forty-ninth Ordinary General Assembly meeting scheduled for God Almighty’s will at ten in the evening on Tuesday 11/09/1443 AH – 12/04/2022 by means of modern technology. This is within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread . |
| City and Location of the General Assembly’s Meeting | Main Center in Abha – Asir region by means of modern technology |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2022-04-12 Corresponding to 1443-09-11 |
| Time of the General Assembly’s Meeting | 22:00 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Securities Depository Center Company (Edaa) At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly’s Meeting | Article (36) of the company’s bylaw stipulates that “the ordinary general assembly meeting is not valid unless it is attended by shareholders representing at least half of the capital. Circumstances, the second meeting is valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | first – Voting on the Board of Directors’ report for the fiscal year ending on 31/12/2021.Second – Voting on the financial statements for the fiscal year ending on 31/12/2021.
Third – Voting on the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2021. Fourth – Voting 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. (Attach) Fifth – Voting 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. (Attach) Sixth – Voting on appointing 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 – Voting 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 Muhammed 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. (Attach) |
| Proxy Form | spcc-17-3-2022-1-en |
| E-Vote | Shareholders registered in the Tadawulati services will be able to vote remotely on the assembly’s items starting at ten in the morning on Friday 07/09/1443 AH – 08/04/2022 until the end of the meeting time, and registration and voting in Tadawulati services will be available and free for 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 of an inquiry, we hope to communicate during official working hours (From 8 am to 3 pm and during Ramadan from 10 am to 3 pm) with shareholder relations at:Phone 0172271500 ext. 157-144
Email sh@spcc.com.sa |
| Attached Documents | spcc-17-3-2022-2-en spcc-17-3-2022-3-en spcc-17-3-2022-4-en spcc-17-3-2022-5-en |
