National Cement Company (P.S.C.)

The National Cement Company P S C has sent a letter to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, disclosing a board meeting scheduled for Wednesday, 29/05/2024 at 12:00 PM. The agenda includes approving the minutes of the previous meeting, discussing the company's business, and other related matters. The letter is also copied to the Securities and Commodities Authority.

The National Cement Company P S C held a Board Meeting on 13/05/2024, which started at 1:30 PM and ended at 2:30 PM. Six board members were present, achieving an 85.7% quorum. The board approved the financial statements for the period ended 31/03/2024 and discussed the company's business. The details were shared with Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and the securities and commodities authority.

The National Cement Company PSC has announced the postponement of its board of directors meeting originally scheduled for 5th March 2024, at 9:00 am. The meeting will now be held on 13th May 2024 at 1:30 pm. The agenda will cover approval of minutes from the previous meeting, election of Chairman and Vice-Chairman, appointment of the board committees composition, review of the financial statements for Q1 2024, and discussion of other related matters. The notification was issued by the General Manager, Eng. Mohammed Abdulla Ahmed Al Ghurair.

The National Cement Company P S C has disclosed to the Dubai Financial Market that it will be holding a board meeting on 03/05/2024 at 9:00 AM. The agenda of the meeting includes the approval of minutes from the previous meeting, the election of the Chairman and Vice-Chairman, the appointment of the Board Committees Composition, and other related matters. The information was communicated by the company's General Manager, Mohammed Abdulla Ahmed Al Ghurair.

On April 19, 2024, a letter was sent to Mr. Hassan Al Serkal, Executive Vice President and Head of Operations division at Dubai Financial Market. The letter referred to a previous disclosure about the opening of nominations for the Board of Directors. A list of nominees who meet the necessary conditions according to articles 9 and 10 of the Authority’s Board Chairman Decision No. (03 / R. M) for the year 2020 was provided. The nominees included Iyad Mazhar Saleh Malas, Badr Abdulla Ahmed Majid Al Ghurair, Thani Abdulla Suhail Juma Al Zaffin, Rashed Saif Ahmed Majid Al Ghurair Al Suwaidi, Raja Mohammed Ghanim Saeed Al Mazrouei, Sultan Abdulla Ahmed Majid Al Ghurair, Ali Rashid Humaid Al Mazroei and Hind Eisa Salim Eisa Ali. It was also mentioned that the names and CVs of the nominees would be published at the company's headquarters and on its website. The letter was signed by the General Manager, Eng. Mohammed Abdulla Ahmed Al Ghurair. A copy of the letter was sent to the Securities and Commodities Authority.

The National Cement Company (PSC) has announced the extension of the nomination period for its Board of Directors until April 18, 2024. Shareholders who meet the required conditions can apply for membership, which includes three categories: Executive Director, Non-Executive Director, and Independent Director. The board will consist of seven members. Applicants must comply with Federal Decree Law No 32 of 2021 and Chairman of Securities and Commodities Authority's Board of Directors' Decision No. (3/R.M) of 2020. After submitting the nomination application, a candidate cannot transfer their nomination to another person. The company will publish the names and details of nominees on its website and at its headquarters on April 22, 2024. The Securities and Commodities Authority will be provided with a list of nominees after the nomination period closes.

The National Cement Company (PSC) has invited its shareholders to attend the Annual General Meeting. The meeting is scheduled to take place physically at the company's main headquarters in Al Quoz Industrial 3, Dubai and virtually on Thursday, 25 April 2024 at 01:00 PM. The meeting's agenda includes reviewing and approving the Directors' and Auditors' reports for the year ended 31st December 2023, considering and approving the Consolidated Financial Statements for the same period, and considering the distribution of a 15% cash dividend of the nominal value of the shares equivalent to 53,820,000 dirhams. The meeting will also consider and approve the Board of Directors' remuneration, absolve the Board of Directors and Auditors from liability for the year ended 31st December 2023, appoint auditors for the year 2024 and their fees, and elect the members of the Board of Directors for the next three-year term (2024 -2027). Shareholders can appoint a representative to attend on their behalf, adhering to specific guidelines.

The National Cement Company (PSC) has announced the opening of nominations for membership of its Board of Directors. The nomination period will run from April 1, 2024, to April 11, 2024. Each shareholder who meets the conditions of nomination may apply for board membership. Applicants must submit an application to the company's head office in Al Quoz Industrial 3, Dubai, enclosing an introductory profile and specifying the membership category they wish to apply for (Executive Director, Non-Executive Director, Independent Director). The board membership to be elected is seven. The nomination period will remain open for 10 days from the date of the announcement. Applicants must meet conditions stipulated in Federal Decree Law No 32 of 2021 and other relevant regulations. After submitting the nomination, the candidate may not relinquish their nomination to another person. The company will post the names of nominees and their details on its website on April 18, 2024. The Securities and Commodities Authority will be provided with a list of the nominees after the nomination period is closed.

The document is a financial statement and independent auditor's report for the National Cement Company, a public shareholding company, as of 31 December 2023.