Al Jouf Cement Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
|Introduction||Al-Jouf Cement Company announces the results of the ordinary general assembly meeting (the second meeting), which was held at nine thirty in the evening on Monday, 08-11-1441 AH corresponding to 06/29-2020 AD through modern technology (remote voting) according to the direction of the authority The financial market according to its decision dated 7/21-1441 AH corresponding to 16/3-2020 to suspend the contract of general assemblies for companies listed in the financial market in attendance until further notice, as the quorum for the first meeting was not completed and the second meeting was held an hour after the time specified for the first meeting at a rate Attendance amounted to 8.31% as the quorum for the second meeting is to attend any number of the company's shares|
|City and Location of the General Assembly's Meeting||The association was held by means of modern technology|
|Date of the General Assembly's Meeting||2020-06-29 Corresponding to 1441-11-08|
|Time of the General Assembly's Meeting||21:30|
|Percentage of Attending Shareholders||8.31%|
|Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees||The meeting of the association was attended by modern technology means, board members: |
Mr: Mohamed Said Attia- Chairman of the Board
Mr:Abdul Aziz Abdul Ilah Kaaki
Mr: Faisal Hamza Al-Khouli
He did not attend:
Mr. Abdul-Ilah Saleh Kaaki, Vice-Chairman of the Board
Mr: Saad Sanaitan Hudaib
Mr: Ashry Saad Al-Ashry
Mr: Ibrahim Mazen Khashoggi
|Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf||A representative of the Risk Committee attended: |
Mr: Abdulaziz Abdulelah Al-Kaaki - Chairman of the Committee
|Voting Results on the Items of the General Assembly's Meeting Agenda's||1- Approval of the financial statements for the year ended 31/12/2019 |
2- Approval of the report of the Board of Directors for the year ended 31/12/2019.
3- Approving the release of the members of the Board of Directors for the year ended December 31, 2019.
4- Approving the auditor's report for the fiscal year ending on 31/12/2019.
5- Approving the appointment of the office of Al-Kharashi and Co. as accountants and legal auditors as auditors of the company, from among the candidates based on the recommendation of the audit committee, to examine, review and audit the financial statements for the second, third, fourth and annual quarter of the fiscal year 2020 AD and the first quarter of the year 2021 and determine its fees.
6- Approval of the works and contracts that will be concluded between the company and the company Top Sky for Contracting and for which a member of the board of directors Mr. Faisal bin Hamza al-Khouli has a direct interest in it, which is the assignment of cleaning and operating works, for a period of one year, where the amount of dealing during the year 2019 amounted to (1,241,806) riyals And by the prevailing commercial conditions.
7- Approval of the works and contracts that will be concluded between the company and the Saudi Marsh Insurance Company and for which a member of the Board of Directors Mr. Abdullah Al-Kaaki has a direct interest in it which is the term of insurance mediation between Al-Jouf Cement Company and other insurance companies, for a period of one year, where the amount of the deal during the year 2019 amounted to ( 2,677) riyals, according to the prevailing commercial conditions
8- Approval of delegating the Board of Directors the authority of the General Assembly of the shareholders 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 of Shareholders or until the end of the delegated Board of Directors session, whichever is earlier, according to the conditions stated in Controls and regulatory procedures issued in implementation of the companies ’system for listed joint stock companies.
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