| Element List | Explanation |
| Introduction | Saudi Cement Company announces the results of the Extraordinary general assembly meeting (Second Meeting) held at 07:30 pm on Wednesday 02 Dhu Al-Qa’dah 1446 corresponding to 30 April 2025 online, to vote on the announced agenda. |
| City and Location of the General Assembly’s Meeting | Saudi Cement Company Headquarter, Dammam City. Online via Tadawulaty platform. |
| Date of the General Assembly’s Meeting | 2025-04-30 Corresponding to 1446-11-02 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 36.56% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | • Mr. Khalid Abdulrahman Al-Rajhi (Chairman of the Board of Directors).
• Mr. Mohammed Abdulkarim AlKhereiji (Vice Chairman). • Mr. Khalid Abdulrahman AlAbdulkarim. • Mr. Ahmad Abdulrhman Alsaadi. • Dr. Aref Abdulla Alashban. • Mr. Amin Musa Al-Afifi. • Mr. Hamad Abdulla AlOlayan. • Dr. Abdelrahman Suleiman Al-Rajhi. • Mr. Mohammed Ali Al-Garni (CEO). • Mr. Sami Fahd Al-salem. • Mr. Abdulaziz Hatem AlJuffali. |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | • Chairman of Executive Committee: (Mr. Khaled Abdulrahman Al-Rajhi)
• Chairman of Audit Committee: (Mr. Hamad Abdullah AlOlayan) • Chairman of Remuneration and Nomination Committee: (Mr. Abdulaziz Hatem AlJuffali) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1. Viewed and discussed the Board of directors’ report for the year ended 31 December 2024.
2. Viewed and discussed the Consolidated Financial Statements for the fiscal year ended on 31 December 2024. 3. Approval of the External Auditors report for the year ended on 31 December 2024. 4. Approval of the release of Board of Directors members from liabilities for their management of the company during the financial year ended on 31 December 2024. 5. Approval of appointing Dr. Mohamed Al-Amri & Co. -BDO- as the company’s auditor from among the nominees based on the recommendation of the Audit committee to review and audit the second and third quarters and yearend of 2025, in addition to first quarter of 2026 financial statements, with a fee of 505,000 riyals. 6. Approval of the Board of Director’s recommendation to distribute cash dividends to the shareholders for second half of 2024, at (1.5) Riyals per share which is equivalent to (15 %) of the company’s share capital with a total amount of (229.5) million riyals provided the eligibility for dividend will be to the company’s shareholders who own the shares at the end of the day of general assembly and who are registered in the Company’s shareholders register at Securities Depository Centre (Edaa) by the end of the second trading day following the entitlement date, and The distribution date will be at 12-05-2025 corresponding to 14-11-1446. 7. Approval of the business and contracts that will be concluded between the company and Cement Industry Products Company Ltd., which is the member of the Board of Directors and CEO , Mr. Mohammad bin Ali Al-Garni, has an indirect interest in (related party), noting that the amount of the transaction for the year 2024 amounted to 31,374,038 Saudi riyals, which is the purchase of empty cement bags, and there are no preferential terms for this type of contract . 8. Approval of the business and contracts that will be concluded between the company and Wataniya Insurance Company, which is the member of the Board of Directors Mr. Amin bin Musa Al-Afifi has an indirect interest in (related party), noting that the amount of the transaction for the year 2024 amounted to 6,265,478 Saudi riyals, which is an insurance coverage of the company’s property except for medical insurance, there are no preferential terms for this type of contract. 9. Approval of authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2025. 10. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies. 11. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (2) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the provisions of the Companies Law and its executive regulations for listed joint stock companies, and the competitive business and activities mentioned in the Regulations on Competitive Activity Standards. 12. Approval on amending Article (3) of the company’s bylaws related to the objectives of the company. |
| Additional Information | The company requests from all valued shareholders to ensure that their data is updated with the custody member to ensure that their due dividends are deposited directly into their investment portfolios, where Payment of dividends shall commence through the Securities Depository Center (Idaa) which will transfer the dividends to the investment portfolios through the custody members, and direct pay through Riyad bank to shareholders without investment portfolios by presenting their national ID cards at counters of any Riyad Bank branches. |