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Hail Cement Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

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Introduction Hail Cement company Board of Directors invite shareholders to attend the 14th ordinary General Assembly Meeting (First meeting and second meeting after one hour) which will be held on Monday 9 Shaaban 1442, corresponding to 22 March 2021 at 06.30 pm (virtually) through the contemporary technology means, for the sake of shareholders safety, Within the support, preventive and precautionary procedures by the concerned government parties to fight Corona virus (COVID-19), and as an extension of the continuous efforts that all parties in the Kingdom of Saudi Arabia work to prevent its spread.
City and Location of the General Assembly's Meeting virtually, through Tadawulaty www.tadawulaty.com.sa, from Hail Cement Company Headquarter, Hail City,
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-03-22 Corresponding to 1442-08-09
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 Ordinary General Meeting will be Quorum by the attendance of at least 25% of the company shares, if Quorum failed in the first meeting, the second meeting will be held one hour after the specified time of the first meeting, Second Meeting will be quorum by the attendance of any numbers of the company shares.
General Assembly Meeting Agenda 1- Vote on the annual Board report for the fiscal year ending 31 December 2020,

2- Vote on the external auditor report for the fiscal year ending 31 December 2020.

3- Vote on the Financial Statement of the fiscal year ending 31 December 2020.

4- Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on December 31, 2020.

5- Vote to assign external auditor from the nominated offers based on the recommendation of the Audit Committee to audit the financial statement of the second and third quarter and annual statement of the fiscal year 2021, plus the first quarter of the year 2022, and specify his fees.

6- Vote on the participation of a member of the Board of Directors, Mr. Jihad Abdul Aziz Al-Rasheed, in a competing activity to the company's business. (attached)

7- Vote to allocate amount of 1,2 million Saudi Riyals from the company's budget for the fiscal year 2021 for social responsibility.

8- Vote to disburse an amount of 1,750,000 Saudi Riyals as a bonus for board members for the fiscal year 2020.

9- Vote on the Board of Directors recommendation to distribute cash dividends to shareholders for the fiscal year ending on December 31, 2020 at a rate of 0.50 Riyals per share, with a total amount of 48,950,000 Saudi Riyals, provided that the eligibility of shareholders who own shares at the end of the trading day of the General Assembly meeting and who are registered in the company's shareholders’ register with The Securities Depository Center (Depository Center) at the end of the second trading day following the Eligibility Date, provided that dividend distribution date will be announced later.

10. Vote on dividend policy. (attached).

11. Vote to authorize the Board of Directors to distribute interim dividends to shareholders on Quarterly or midterm basis for the fiscal year 2021, and decide the illegibility and distribution according to regulations and based on the company financial situation and plans.

Proxy Form
E-Vote The shareholders registered in Tadawulaty services can vote on the items of the General Assembly agenda online in Tadawulaty website starting 10.00am on Thu 5/8/1442H, corresponding to 18/3/2021G until the end 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 enquiry please contact shareholder relations at 0165344444 ext. 4005 or email: Abdulrahman.alhazmi@hailcement.com

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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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