Aljouf Cement BOD approves 2021 Financial Statements

Aljouf Cement Company’s BOD announced the results of the extraordinary general assembly at the second meeting. It was held at 7:30 pm on June 21^st, 2022, through modern technology. The percentage of attendance constituted 21.93%.

The meeting agenda items included:

-Approval of the Board’s report for the fiscal year ended December 31, 2021.

-Approval of the auditor’s report for the fiscal year ended December 31, 2021.

-Approval of financial statements for the fiscal year ended December 31, 2021.

-Approval of the appointment of Bakertilly’s office as an auditor of the company’s accounts among the candidates based on the Audit Committee’s recommendation to examine, review and audit the financial statements for the second, third, fourth, and annual quarters of the fiscal year 2022 and the first quarter of the fiscal year 2023 ; the fees shall be determined subsequently.

-Approval of the discharge of board members for the fiscal year ended December 31, 2021.

– Approval of the Board of Directors’ powers of the authority of the ordinary general assembly to act by license as stipulated under Article 71 (1) of the corporate system for one year from the date of approval of the General Assembly or until the end of the session of the Board of Directors, whichever is earlier, following the conditions contained in the regulations and regulatory procedures issued by the company law of listed joint-stock corporations.