Tabuk GA Approves BOD Recommendation to Distribute 22.5 mln Profits for 2H of 2021

Tabuk Cement Company announced on Sunday to its esteemed shareholders the results of the 35th general assembly (The Second Meeting).

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

1- Approve the report of board of directors for the fiscal year ended on 31.12.2021.

2- Approve the report of the accounts auditor for the fiscal year ended on 31.12.2021.

3- Approve the financial statements of the company for the fiscal year ended on 31.12.2021.

4- Approve the discharge of the members of board of directors for the fiscal year ended on 31.12.2021.

5- Approve the appointment of an auditor by M/S (Company KPMG Al-Fawzan and Partners (KPMG)) for the accounts of the company among the nominators based on the recommendation of the audit committee, to check, review and audit the financial statements for the second, third quarter and annual of fiscal year 2022 and first quarter of year 2023 and identify his fees.

6- Approve the Board of Directors ’recommendation to distribute cash dividends for the year of 2021 G at the rate of SR0.25 per share, which represents 2.5% of the nominal value of the share with a total amount of SR22.500 million, provided the eligibility for dividend will be to Shareholders who own the shares at the end of trading on the day of General Assembly and those who are registered in the Company’s register at Securities Depository Centre at the end of second trading day following the due date. Dividend distribution date will be announced later.