Riyadh Cement GA to discuss audit committee formation, determining its tasks

The Board of Directors of Riyadh Cement Co. a Listed Joint Stock Company, are pleased to invite the shareholders to the Ordinary General Assembly Meeting (First Meeting and the second meeting after an hour ), scheduled to be held at 07:00 p.m. on Monday 29 August 2022 (02-02-1444H) by Means of Modern Technology (www.tadawulaty.com.sa).

General Assembly Meeting Agenda:

Voting on forming the Audit Committee, defining its duties, operating controls, and remuneration for its members for the new session that starts on 25/07/2022 and ended by 14 June 2025, noting that the candidates are (their CVs attached):

1- Mr. Abdullah Ateeq Alfawwaz (Membership status: Independent).

2- Mr. Mohammad Abdulaziz AlShaie (Membership status: Outside the Board).

3- Dr. Abdullah Saghier AlHusaine (Membership status: – Outside the Board).

Shareholders registered in the Tadawulati services will be able to vote remotely on the assembly’s items starting at (10:00 am) on Saturday 27/08/2022 AD until the Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Concludes Counting the Votes , and registration and voting in my trading services will be available and free for all shareholders using the following link : www.tadawulaty.com.sa

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.

In order for a regular general assembly meeting to be valid, the attendance of shareholders must representing at least 25% of the company’s shares. In case the quorum is not complete, a second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares attend in it.