The general “Yamamah Cement” generally agrees to distribute cash dividends for 2024

Al Yamama Cement Company announced the results of the extraordinary general assembly meeting (the second meeting), which was held on Monday.
The company said in a statement on Saudi Arabia’s circulation: The results of the voting on the association’s agenda included:
1. To view the report of the Board of Directors and discuss it for the fiscal year ending 12-31-2024 AD.
2. See the financial statements and discuss them for the fiscal year ending on 12-31-2024 AD.
3. Approval of the audit auditor’s report and its discussion for the fiscal year ending 12-31-2024 AD.
4. Approval to discharge the members of the Board of Directors for the fiscal year ending 12-31-2024 AD.
5. Approval of the appointment of the company’s account references (Al -Kharashi Office and Co. Accountants and Legal References) from among the candidates based on the recommendation of the audit committee; This is to examine, review and audit the financial statements of the four (second, third and annual) lists of the fiscal year 2025 AD, and the first quarter of the fiscal year 2026 AD, and to determine his fees.
6. Approving the recommendation of the Board of Directors to distribute cash dividends in the amount of 202,500,000 riyals to shareholders for the fiscal year ending on December 31, 2024 AD, at 1.00 riyals per share, which represents 10% of the nominal value per share, provided that the right to shareholders owners of shares at the end of trading the day of the General Assembly and those registered in the company’s shareholder registry at the Securities Depository Center Company (the deposit center) at the end The second trading day follows the date of entitlement, and the profits will be distributed on Sunday 04 May 2025.
7. Approval of the works and contracts that took place between the company and the Yemeni Saudi Cement Company, which the Chairman of the Board of Directors, Prince Nayef bin Sultan bin Muhammad bin Saud Al -Kabeer, is an indirect interest in it, which is the expenses of guarding the factory in Yemen during the year 2024 AD and there are no preferential conditions, in the amount of 57 thousand riyals.
8. Approval of the works and contracts that took place between the company and the Arab Shield Company for Cooperative Insurance, which is for the Chairman of the Board of Directors Prince Nayef bin Sultan bin Muhammad bin Saud Al -Kabeer and the deputy chairman of the board of directors, Engineer Abdullah bin Abdul Rahman Al -Obeikan, an indirect interest in it, which is a cooperative insurance during the year 2024 AD, and there are no preferential conditions, in the amount of 17,381 thousand riyals.
9. Approval of the works and contracts that took place between the company and the Saudi mobile communications company “Zain”, which is for the Chairman of the Board of Directors Prince Nayef bin Sultan bin Muhammad bin Saud Al -Kabeer an indirect interest in it, which is the provision of communications services during the year 2024 AD, and there are no preferential conditions, in the amount of 1,833 thousand riyals.
10. Approval of the works and contracts that took place between the company and the Obeikan Digital Solutions Company (Shamil), which is for the deputy chairman of the Board, Eng. Abdullah bin Abdul Rahman Al -Obeikan, in a direct interest in it, which is the development of purchase services during the year 2024 AD, and there are no preferential conditions, in the amount of 748 thousand riyals.
11. Approval of the business and contracts that took place between the company and Sahl Al -Madar Commercial Company, which is for the deputy chairman of the Board, Eng. Abdullah bin Abdul Rahman Al -Obeikan, in a direct interest in it, which is the development of logistical services during the year 2024 AD, and there are no preferential conditions, in the amount of 5,129 thousand riyals.
12. Approval of the payment of an amount of 2,100,000 riyals, a reward for the members of the Board of Directors for the fiscal year ending on 12-31-2024 AD.
13. Approval of amending the policy of the Board of Directors and its committees and the executive management.
14. Approval of amending the membership policy of the Board of Directors.
15. Approval of amending Article No. (4) of the company’s basic system related to the company’s purposes.
16. Approval of amending Article No. (5) of the company’s basic system related to participation and ownership.
17. Approval of amending Article No. (6) of the company’s basic system related to the company’s duration.
18. Approval of amending Article No. (7) of the company’s basic system related to the capital.
19. Approval of amending Article No. (8) of the company’s basic system related to subscription to shares.
20. Approval to cancel Article No. (10) of the company’s basic system related to selling shares that are not fulfilled the value.
21. Approval of amending Article No. (12) of the company’s basic system related to the sale of treasury shares.
22. Approval of amending Article No. (18) of the company’s basic system related to the management of the company.
23. Approval of amending Article No. (22) of the company’s basic system related to the reward of the members of the Council.
24. Approval of adding items to Article No. (23) of the company’s basic system related to the powers of the president, the deputy and the secretary.
25. Approval of amending Article No. (41) of the company’s basic system related to profit entitlements.
26. Approval of adding a new material in the company’s basic system related to the distribution of profits.
27. Approval of rearranging the foundation system materials to comply with the proposed adjustments.
28. Approval of the election of Salman bin Abdul Mohsen Al -Sudairy, a member of the “independent” board of directors in the additional seat among the candidates for the current session of the council, which started on March 29, 2024 AD, and ends on March 28, 2028 AD.