QCC - Qassim Cement Company announces the results of the extra ordinary general assembly 53rd meeting (second meeting)

Element List	Explanation
Introduction	Qassim Cement Company held the Fifty-third Extra Ordinary General Assembly meeting (Second Meeting) at 20:30 on Wednesday 23-04-2025 corresponding to 25-10-1446 (H).
City and Location of the General Assembly's Meeting	Via modern technology means from the company's headquarters in Buraidah.
Date of the General Assembly's Meeting	2025-04-23 Corresponding to 1446-10-25
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	43.96%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by all board members as follows: 1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors) 2- Eng. Ahmad bin Abdulaziz Al-Alshaikh (Vice Chairman) 3- Mr. Bander bin Nasser Al-Tamimi 4- Prince Dr. Badr bin Khalid Al-Saud 5- Mr. Saad bin Ibrahim Al-Mushawah 6- Dr. Ghazi bin Abdulrahim Al-Rawi 7- Mr. Abdulrahman bin Mohamed Al-Rawwaf 8- Eng. Ahmed bin Saleh Al-Sultan 9- Mr. Abdulmalik bin Khaled Al-Rajhi 10- Mr. Abdulaziz bin Majed Al-Kassabi 11- Eng. Omar bin Abdullah Al-Omar (CEO)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors and the Executive Committee Chair). 2- Prince Dr. Badr bin Khalid Al-Saud (Sustainability & Safety Committee Chair). 3- Dr. Ghazi bin Abdulrahim Al-Rawi (Audit Committee Chair). 4- Mr. Abdulrahman bin Mohamed Al-Rawwaf (Remuneration and Nomination Committee Chair).
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- The Board of Directors’ report for the fiscal year ending on 31-12-2024 has been reviewed and discussed. 2- Approval of the auditor's report for the fiscal year ending on 31-12-2024 after discussing it. 3- The consolidated financial statements for the fiscal year ending on 31-12-2024 has been Reviewed and discussed. 4- Approval of appointing (BDO Dr. Mohamed Al-Amri & Co.) as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second & third) quarters, the annual financial statements of the year 2025 and the first quarter of the year 2026, with total agreed fees amounted of 850,000 Saudi Riyals. 5- Approval of absolving the members of the Board of Directors from liability for the year ending 31-12-2024. 6- Approval of the disbursement of an amount of (SAR 4,515,342), as remuneration to the members of the Board of Directors for the year ended on 31-12-2024. 7- Approval to authorize the Board of Directors to distribute interim dividends on a quarterly basis for the year 2025. 8- Approval of updates to the Audit Committee's charter. 9- Approval of retaining treasury shares resulting from the acquisition of Hail Cement Company, totaling (798,353) shares, for a period of (10) years. 10- Approval of establishing an employee stock program and authorizing the Board of Directors to determine its terms, including the allocation price for each share offered to employees if applicable. 11- Approval of authorizing the Board of Directors to use treasury shares, wholly or partially, in exchange transactions for acquiring companies or assets, and/or using them within the employee stock program.

Element List

Explanation

Introduction

Qassim Cement Company held the Fifty-third Extra Ordinary General Assembly meeting (Second Meeting) at 20:30 on Wednesday 23-04-2025 corresponding to 25-10-1446 (H).

City and Location of the General Assembly's Meeting

Via modern technology means from the company's headquarters in Buraidah.

Date of the General Assembly's Meeting

2025-04-23 Corresponding to 1446-10-25

Time of the General Assembly’s Meeting

20:30

Percentage of Attending Shareholders

43.96%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees

The meeting was attended by all board members as follows:

1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors)

2- Eng. Ahmad bin Abdulaziz Al-Alshaikh (Vice Chairman)

3- Mr. Bander bin Nasser Al-Tamimi

4- Prince Dr. Badr bin Khalid Al-Saud

5- Mr. Saad bin Ibrahim Al-Mushawah

6- Dr. Ghazi bin Abdulrahim Al-Rawi

7- Mr. Abdulrahman bin Mohamed Al-Rawwaf

8- Eng. Ahmed bin Saleh Al-Sultan

9- Mr. Abdulmalik bin Khaled Al-Rajhi

10- Mr. Abdulaziz bin Majed Al-Kassabi

11- Eng. Omar bin Abdullah Al-Omar (CEO)

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf

1- Dr. Muhammad bin Nasser Al-Dawood (Chairman of the Board of Directors and the Executive Committee Chair).

2- Prince Dr. Badr bin Khalid Al-Saud (Sustainability & Safety Committee Chair).

3- Dr. Ghazi bin Abdulrahim Al-Rawi (Audit Committee Chair).

4- Mr. Abdulrahman bin Mohamed Al-Rawwaf (Remuneration and Nomination Committee Chair).

Voting Results on the Items of the General Assembly's Meeting Agenda's

1- The Board of Directors’ report for the fiscal year ending on 31-12-2024 has been reviewed and discussed.

2- Approval of the auditor's report for the fiscal year ending on 31-12-2024 after discussing it.

3- The consolidated financial statements for the fiscal year ending on 31-12-2024 has been Reviewed and discussed.

4- Approval of appointing (BDO Dr. Mohamed Al-Amri & Co.) as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second & third) quarters, the annual financial statements of the year 2025 and the first quarter of the year 2026, with total agreed fees amounted of 850,000 Saudi Riyals.

5- Approval of absolving the members of the Board of Directors from liability for the year ending 31-12-2024.

6- Approval of the disbursement of an amount of (SAR 4,515,342), as remuneration to the members of the Board of Directors for the year ended on 31-12-2024.

7- Approval to authorize the Board of Directors to distribute interim dividends on a quarterly basis for the year 2025.

8- Approval of updates to the Audit Committee's charter.

9- Approval of retaining treasury shares resulting from the acquisition of Hail Cement Company, totaling (798,353) shares, for a period of (10) years.

10- Approval of establishing an employee stock program and authorizing the Board of Directors to determine its terms, including the allocation price for each share offered to employees if applicable.

11- Approval of authorizing the Board of Directors to use treasury shares, wholly or partially, in exchange transactions for acquiring companies or assets, and/or using them within the employee stock program.

Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia

Phone : (+966) 16 316-5555

Fax : (+966) 16 381-6041

Email : qcc@qcc.com.sa

Qassim Cement Company announces the results of the extra ordinary general assembly 53rd meeting (second meeting)

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