Southern Province Cement Company is pleased to invite the shareholders who own 20 shares and more to attend the 25th General Assembly Meeting in the grand hall in its head office in Abha, (King Fahad Road), at 16:00 hrs of Tuesday 27/4/1433h, corresponding to 20/3/2012, to look into the following agenda:
1.To approve the contents of the Board of Director’s annual report.
2.To attest the company budget as of 31/12/2011, and the 2011 profit and loss accounts.
3.To clear the accountability of the Directors’ during this period
4.To approve the distribution of the profits as per the suggestion of the Board of Directors, at 62.5% of the total paid capital, SR (6.25) per share, which SR (2.75) was already paid in the first half of the year, and SR (3.5) will be paid to each share for the second half starting Wednesday 28/3/2012. The entitlement of these profits will be for the shareholders registered in the company records at the Saudi Capital Market (Tadawul), the deposit center, on the day the assembly is held.
5.To approve the choice of the Auditing Committee for the company accounts Auditor chosen from the nominated offices to audit the company’s annual and quarter accounts during 2012, and to specify the fees of the said office.
Notes:
As per Article (26) of the Foundation Regulations, shareholder who cannot attend this assembly may depute another qualified share holder to attend on behalf of him, conditionally the deputed shareholder is not a member of the board or a company employee, and conditionally the original deputation document arrives three days before the date of the assembly.
The assembly will be considered legal in case 50% or more of the total capital attends.
