March 27.. “Hail Cement” GA to discuss authorizing BOD to distribute interim dividends for 2024

The Board of Directors of Hail Cement Company invited shareholders to participate and vote in the twenty-first ordinary general assembly meeting (first meeting), which is scheduled to be held via modern technology means at exactly nine thirty in the evening on Wednesday, March 27, 2024 AD via modern technology means.

schedule of work:

1- Reviewing the Board of Directors’ report for the financial year ending on December 31, 2023 AD and discussing it.

2- Vote on the company’s auditor’s report for the financial year ending on December 31, 2023.

3- Review and discuss the financial statements for the fiscal year ending on December 31, 2023.

4- Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 AD and the first quarter of the fiscal year 2025 AD and determine his fees.

5-Voting on allocating an amount (537,000 riyals) from the company’s budget for the fiscal year 2024 for social responsibility.

6-Voting on disbursing an amount of 1,642,857 riyals as a reward to members of the Board of Directors for the fiscal year ending on December 31, 2023.

7-Voting on authorizing the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2024.