Saudi Cement General Assembly approves selection of Board of Directors members

Saudi Cement Company held its 63rd ordinary general assembly on Wednesday 24 November 2021 Online via Tadawulaty platform with a percentage of attending shareholders 42.3%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

First. Approval for the selection of the Board of Directors members from among the candidates for the next term, which begins on 01/01/2022 until the end of the term on 31/12/2024. And they are:

1. Mr. Khalid Abdulrahman AlRajhi.
2. Mr. Mohammed Abdulkarim AlKhereiji.
3. Mr. Khalid Abdulrahman AlAbdulkarim.
4. Mr. Amin Musa AlAfifi.
5. Mr. Hamad Abdulla AlOlayan.
6. Dr. Abdelrahman Suleiman AlRajhi.
7. Mr. Mubarak Jaber AlMuhimead.
8. Mr. Mohammed Ali AlGarni.
9. Mr. Mansour Mohammed Balghonaim.
10. Mr. Saleh Mohammed AlMohana.
11. Ms. Hala Walid AlJuffali.

Second. Approval of the formation of the Audit Committee, and defining its tasks, work controls and remuneration of its members for the next term, which begins on 01/01/2022 until the end of the term on 31/12/2024. And they are:

1. Mr. Hamad Abdulla AlOlayan (non-executive)
2. Mr. Mansour Mohammed Balghonaim (independent)
3. Dr. Ahmad Abdullah AlMeghames. (member from outside the board)

Third. Approval of the Board of Directors’ recommendation to appoint Mr. Mansour Mohammed Balghonaim as (independent) member of the Board of Directors to complete the Board’s term from the date of his appointment on 30/06/2021 until the end of the current term on 31/12/2021 to succeed the resigning member Dr. Mohammed Sulaiman Balghonaim.

The 63rd Ordinary General Assembly was held in the presence of the following board members:

1. Mr. Khalid Abdulrahman AlRajhi (Chairman of the Board of Directors).
2. Mr. Mohammed Abdulkarim AlKhereiji (Vice Chairman)
3. Mr. Khalid Abdulrahman AlAbdulkarim
4. Mr. Amin Musa AlAfifi
5. Mr. Hamad Abdulla AlOlayan
6. Dr. Abdelrahman Suleiman AlRajhi
7. Mr. Mubarak Jaber AlMuhimead
8. Mr. Mohammed Ali AlGarni (CEO)
9. Mr. Mansour Mohammed Balghonaim.
10. Mr. Saleh Mohammed AlMohana

Board Member / Chairman of Remuneration and Nomination Committee, Ms. Hala Walid AlJuffali, was unable to attend.