IssuerAnnouncementDetailsV2Portlet
Actions
Eastern Province Cement Company Announces the Results of the 11th Extraordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Eastern Province Company is pleased to announce the results the 11th Extraordinary General Assembly Meeting (Second Meeting), which was held remotely through contemporary technology at 19:30 on Sunday 26-10-1445 corresponding to 05-05-2024 |
| City and Location of the General Assembly's Meeting | Company Head Office, in Khobar City, Online via Tadawulaty Platform |
| Date of the General Assembly's Meeting | 2024-05-05 Corresponding to 1445-10-26 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 46.97% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- Mr. Mohammed Saad Butti Al Farraj (Chairman) 2- Mr. Ibrahim Salem Mohammed Al Ruwais (Deputy Chairman) 3- Mr. Waleed Mohammed Abdullah Al Jaafari 4- Mr. Abdulaziz Abdulrahman Abdulaziz Al Khanin 5- Mr. Majid Saleh Mohammed Al Rajhi 6- Dr. Abdullah Omar Saad Al Baiz 7- Dr. Saad Abdulaziz Sulaiman Al Hogail 8- Mr. Fawaz Abdullah Abdulrahman Al Omran Apologized for not attendance: 1- Mr. Faisal Yousef Ibrahim Al Salloum |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Mr. Mohammed Saad Butti Al Farraj (Chairman of Executive Committee) 2- Mr. Ibrahim Salem Mohammed Al Ruwais (Chairman of the Audit Committee) 3- Mr. Abdulaziz Abdulrahman Abdulaziz Al Khanin (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- The Board of directors’ report for the fiscal year ended 31 December 2023 were reviewed and discussed. 2- Approval on the External Auditors report for the fiscal year ended on 31 December 2023 3- The Financial Statements for the fiscal year ended on 31 December 2023 were reviewed and discussed. 4- Approval on the discharge of Board of Directors members from liabilities for their management of the company during the fiscal year ended 31 December 2023 5- Approval on the authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2024 6- Approval on the appointing M/s. BDO Dr. Mohamed Al-Amri & Co. the auditor for the Company from among the candidates based on the Audit Committee's recommendation. to examine, review and audit the second, third, and annual financial statements, of the fiscal year 2024 and the first quarter of the fiscal year 2025 for agreed professional fees amounted of SAR 488,000 7- Approval on the authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies. 8- Approval on the transferring the balance of statutory reserve amounting to SAR 430 million as in the financial statements for the year ending 31 December 2023 to the voluntary reserve, for enhancing the company’s financial solvency. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 0.0
Net Change 0.0 (0.0%)
Value Traded (Sar) 0
Volume Traded 0
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions