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City Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of City Cement Company is pleased to invite the Company’s shareholders to attend the Ordinary General Assembly Meeting (the First Meeting), via modern technology means provided by Tadawulaty platform (www.tadawulaty.com.sa) on Monday 20:30 in 19/06/2023 corresponding to 01/12/1444H. |
| City and Location of the General Assembly's Meeting | Online via Tadawulaty at the company’s headquarters in Riyadh |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-06-19 Corresponding to 1443-11-20 |
| Time of the General Assembly's Meeting | 20:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations, Shareholders have the right to discuss the topics on the agenda of the General Assembly and direct their inquiries. |
| Quorum for Convening the General Assembly's Meeting | The General Assembly meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | • View and discuss the report of the board of directors for the fiscal year ended on 31-12-2022. • Vote and discuss the company's auditor's report for the fiscal year ended on 31-12-2022. • View and discuss the company's financial statements for the fiscal year ended on 31-12-2022. • Vote to discharge the members of the Board of Directors from liability for the fiscal year ended on 31-12-2022. • Vote on paying an amount of SAR 1,400,000 as remuneration to the Board members for the fiscal year ending on 31/12/2022 • Vote on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2023. • Vote on the appointment of external auditors for the company from among the candidates based on the Audit Committee’s recommendation to examine, review, and audit the (second, third and fourth) quarter, the annual financial statements of the fiscal year 2023G, and the first quarter of the fiscal year 2024G together with the determination of their remuneration. • Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly 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. (Mentioning the E-Voting details, if any) | The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 01:00 A.M on Thursday 15/06/2023 corresponding to 26/11/1444 until the closure of the General Assembly meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by 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 | For any questions or quires kindly contact the Shareholder Relationships : Tel: 0115284107 E-mail: Investors@citycement.sa |
| 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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Company Performance
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Last Price 19.86
Net Change 0.16 (+0.81%)
Value Traded (Sar) 23,216,419.34
Volume Traded 1,162,081
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