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Northern Region Cement Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Northern Region Cement Co is pleased to invite its shareholders to participate and voting in the meeting of the Ordinary General Assembly (First Meeting) taking place on wednesday 08/05/2024G, corresponding to 29/10/1445H at 18:30 pm via modern technology means provided by Tadawulaty. |
| City and Location of the General Assembly's Meeting | By using modern technology from the company's headquarters in Turaif. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-08 Corresponding to 1445-10-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Each shareholder registered in the Company's shareholders’ register, at the Depository Center, at the end of the trading session preceding the General Assembly Meeting, has the right to attend the Assembly Meeting according to the rules and regulations. The eligibility for registering the attendance of the General Assembly’s Meeting ends at the time of the GA Meeting. The eligibility for voting on the items of the agenda for attendees ends upon the Counting Committee concludes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 25% of the Share Capital according to article (31) of the company’s bylaw. In case of non-completion of the quorum at this meeting, a second meeting will be held after one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | 1. Read and discuss the annual Board report for the fiscal year ending 31 December 2023. 2. Read and discuss the Financial Statements of the fiscal year ending 31 December 2023. 3. Vote on the external auditor report for the fiscal year ending 31 December 2023 after discussing it. 4. Vote to select and assign external auditor from among the nominated offers based on the recommendation of the Audit Committee to audit the financial statements of the second and third quarter and annual statements of the fiscal year 2024, plus the first quarter of the year 2025. 5. Vote to disburse an amount of 1,200,000 Saudi Riyals as a reward for board members for the fiscal year ending 31 December 2023. 6. Vote to authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm basis for the fiscal year 2024. 7. Vote on Delegating the Ordinary General Assembly authorization powers stipulated in Paragraph (1) of Article (27) of the Companies Law to the Board of Directors, for one year from the General Assembly approval date, or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. The company assures to all of its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 01:00 am on Sunday 26/10/1445 (05/05/2024) until the end of the assembly time. Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For inquiries and questions about the agenda items of the AGM can be contacted with the management of shareholders: Tel: 011201 1212 Ext 117 E-mail: shareholders@nrc.com.sa Riyadh Front- Business, Riyadh Or Headquarters In Turaif. |
| Attached Documents | |
The Capital Market Authority and Saudi 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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