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Al Jouf Cement Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Jouf Cement Company is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held through modern technology, God willing, at exactly 09:00 Pm Thursday 06/09/1446 AH corresponding to 06/03/2025 . |
| City and Location of the General Assembly's Meeting | Through modern technology from the company's Head Office in Riyadh |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-03-06 Corresponding to 1446-09-06 |
| Time of the General Assembly’s Meeting | 21:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register attendance at the general assembly meeting ends at the time the general assembly meeting is held, and the right to vote on the general assembly items for those present ends when the sorting committee finishes sorting the votes. |
| Quorum for Convening the General Assembly's Meeting | The Extraordinary General Assembly meeting shall be held in the presence of shareholders representing at least half (50%) of the Company's capital. In case of non-completion of the quorum at this meeting, a second meeting shall be held within one hour of the scheduled time for the first meeting, and the second meeting shall be valid if attended by shareholders representing at least quarter (25%) of the Company's capital. |
| General Assembly Meeting Agenda | First: Voting on closing the statutory reserve amounting to (62,946,016) riyals as of September 30, 2024 in the retained earnings account. Second: Voting on filing a liability lawsuit against three members of the Board of Directors from the date of the company's listing to 31-07-2022, who have direct and indirect executive powers in Al-Jouf Cement Company and its subsidiaries, who were included in the report of the external auditor, Abdullah Fahd Al-Sahli Office (Daksin), on suspicion of financial and administrative manipulations, according to what was published in the company's announcement attached on 05-01-2025. Third: Voting on authorizing the Managing Director and CEO, in the event that the Assembly approves the second item, to take all necessary regulatory and contractual measures to file the lawsuit before the competent authorities. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Attending shareholders have the right to discuss the topics on the agenda and ask questions. Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly items via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the Assembly, starting from 1 am on Sunday 02-09-1446 AH corresponding to -2-03-2025 AD until the end of the assembly time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the link Next: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, we hope to contact the Shareholders Relations Department: phone number. 0112000388 Mobile number: 0500037742 E-mail : investor.relationship@joufcem.com.sa |
| Additional Information | None |
| 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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