City Cement Co. Calls Extraordinary General Assembly Meeting for Shareholders
City Cement Co. is convening an Extraordinary General Assembly Meeting to discuss key corporate decisions, including financial remuneration and contract approvals. The meeting will address the discharge of Board members from liability and authorize interim dividend distribution for 2026.
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City Cement Co. has announced an Extraordinary General Assembly Meeting where shareholders will vote on critical agenda items. Key decisions include discharging Board members from liability for the fiscal year ending December 31, 2025, and approving SAR 2,262,000 in remuneration for the same period.
The assembly will also vote on authorizing contracts with First Gas Company, involving Board members with indirect interests. This contract, valued at SAR 16,711,205, pertains to connecting the plant in Marat Governorate to the natural gas grid.
Additionally, the Board of Directors may be delegated to distribute interim dividends for the fiscal year 2026. These decisions will influence the company's financial governance and shareholder value.
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