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Qassim Cement Company announces the results of the extra ordinary general assembly 53rd meeting (second meeting)
| Element List | Explanation |
|---|---|
| Introduction | Qassim Cement Company held the Fifty-third Extra Ordinary General Assembly meeting (Second Meeting) at 20:30 on Wednesday 23-04-2025 corresponding to 25-10-1446 (H). |
| City and Location of the General Assembly's Meeting | Via modern technology means from the company's headquarters in Buraidah. |
| Date of the General Assembly's Meeting | 2025-04-23 Corresponding to 1446-10-25 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | 43.96% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by all board members as follows: 1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors) 2- Eng. Ahmad bin Abdulaziz Al-Alshaikh (Vice Chairman) 3- Mr. Bander bin Nasser Al-Tamimi 4- Prince Dr. Badr bin Khalid Al-Saud 5- Mr. Saad bin Ibrahim Al-Mushawah 6- Dr. Ghazi bin Abdulrahim Al-Rawi 7- Mr. Abdulrahman bin Mohamed Al-Rawwaf 8- Eng. Ahmed bin Saleh Al-Sultan 9- Mr. Abdulmalik bin Khaled Al-Rajhi 10- Mr. Abdulaziz bin Majed Al-Kassabi 11- Eng. Omar bin Abdullah Al-Omar (CEO) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors and the Executive Committee Chair). 2- Prince Dr. Badr bin Khalid Al-Saud (Sustainability & Safety Committee Chair). 3- Dr. Ghazi bin Abdulrahim Al-Rawi (Audit Committee Chair). 4- Mr. Abdulrahman bin Mohamed Al-Rawwaf (Remuneration and Nomination Committee Chair). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The Board of Directors’ report for the fiscal year ending on 31-12-2024 has been reviewed and discussed. 2- Approval of the auditor's report for the fiscal year ending on 31-12-2024 after discussing it. 3- The consolidated financial statements for the fiscal year ending on 31-12-2024 has been Reviewed and discussed. 4- Approval of appointing (BDO Dr. Mohamed Al-Amri & Co.) as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second & third) quarters, the annual financial statements of the year 2025 and the first quarter of the year 2026, with total agreed fees amounted of 850,000 Saudi Riyals. 5- Approval of absolving the members of the Board of Directors from liability for the year ending 31-12-2024. 6- Approval of the disbursement of an amount of (SAR 4,515,342), as remuneration to the members of the Board of Directors for the year ended on 31-12-2024. 7- Approval to authorize the Board of Directors to distribute interim dividends on a quarterly basis for the year 2025. 8- Approval of updates to the Audit Committee's charter. 9- Approval of retaining treasury shares resulting from the acquisition of Hail Cement Company, totaling (798,353) shares, for a period of (10) years. 10- Approval of establishing an employee stock program and authorizing the Board of Directors to determine its terms, including the allocation price for each share offered to employees if applicable. 11- Approval of authorizing the Board of Directors to use treasury shares, wholly or partially, in exchange transactions for acquiring companies or assets, and/or using them within the employee stock program. |
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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