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Al Jouf Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting through modern technology

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Introduction The Board of Directors of Al-Jouf Cement Company is pleased to invite the honorable shareholders to attend the meeting of the Ordinary General Assembly (the first meeting), which will be held, at 18:30 pm on Tuesday 12/11/1442 AH corresponding to 22/06/2021 AD through modern technology means, This is in the interest of the safety of shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to fight against the corona virus (COVID-19), and as an extension of the continuous efforts made by all government authorities in Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting The company's headquarters in Turaif.
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-06-22 Corresponding to 1442-11-12
Time of the General Assembly's Meeting 18:30
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
Quorum for Convening the General Assembly's Meeting The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a 25% of the capital, and if the quorum required for holding this meeting is not fulfilled, the second meeting shall be held one hour after the end of the period specified for the first meeting, and in all cases the second meeting shall be valid regardless of the number of shares represented in it
General Assembly Meeting Agenda 1 - Voting on the Board of Directors' report for the FY ending on 31/12/2020.

2 -Voting on the auditor's report for the financial year-end 31/12/2020.

3 -Voting on the financial statements for the year-end 31/12/2020

4 -Voting to appoint the company’s auditor from among the candidates based on the audit committee’s recommendation, to examine, review and audit the financial statements for the second, third, fourth and annual quarters of the fiscal year 2021 AD and the first quarter of 2022 AD, and determine their fees.

5 - Vote to absolve the members of the Board of Directors from liability for the year ending 31/12/2020.

6 - Voting on the business and contracts that have been concluded between the company and the Sky Higher Contracting Company, in which a member of the Board of Directors Mr. Faisal bin Hamza Al-Khuli has an indirect interest in it, which is the assignment of cleaning and operation works, without preferential conditions, as the value of the transaction during the year 2020 AD amounted to 428,231 riyals (attached).

7 - Voting on the business and contracts that have been concluded between the company and the Saudi Marsh Insurance Company, in which a member of the board of directors, Mr. Abdul-Ilah Kaaki, has an indirect interest in it, which is an insurance brokerage between Al-Jouf Cement Company and (Al-Tawuniya Insurance Company), without preferential conditions. For the year 2020 AD, an amount of (0) riyals (attached)

8 - Voting on authorizing the Board of Directors of the authority of the Ordinary General Assembly with the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the regulations and regulatory procedures issued In implementation of the Companies Law for Listed Joint Stock Companies.

9 -Voting on the Board of Directors’s decision to appoint Professor Abdul Wahab bin Ahmed Abed (a member from outside the Board) as a member of the Audit Committee, starting from 10/21-2020 AD, and until the end of the current committee’s term of office on 08/05/2023 AD, in succession to the previous member, Professor / Abd al-Ilah Kaaki, may God have mercy on him (non-executive), provided that the appointment takes effect from the date of the decision issued on 10/21-2020 AD, and this appointment comes in accordance with the work regulations of the Audit Committee, (CV attached).

10 - Voting on the decision of the Board of Directors to appoint Dr. Othman Al-Sweih as an (independent) member of the Board of Directors starting from the date of his appointment on 10/21-2020 AD to complete the Board session until the date of the end of the current session on 08/05/2023 AD, succeeding the previous member Professor / Abd al-Ilah Kaaki, may God have mercy on him (Non-executive). (CV attached).

11- Voting on amending the remuneration policy for members of the Board of Directors, the committees emanating from the Board and the Executive Management (attached).

Proxy Form
E-Vote Distinguished shareholders can vote remotely on the assembly’s agenda through the electronic voting service by visiting the website of my trading www.tadawulaty.com.sa, noting that registration in the service and voting is available free of charge to all shareholders. Voting begins 08-11-1442 AH, corresponding to June 18, 2021 AD, at (10:00) in the morning, and voting ends at the end of the assembly
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 In the event of an inquiry, we hope to contact the Shareholder Relations Department:

TEL. : 0112000388

Mobile No: 0500037742

E-Mail: board@joufcem.com.sa

Attached Documents           

The Capital Market Authority and the Saudi Stock 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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