Qassim Cement Company Announces The Results Of The Ordinary General Assembly 54Th Meeting (First Meeting)

Introduction: Qassim Cement Company held the Fifty-fourth Ordinary General Assembly meeting at 18:30 on Tuesday 31-03-2026 corresponding to 12-10-1447 (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: 2026-03-31 Corresponding to 1447-10-12

Time of the General Assembly’s Meeting: 18:30

Percentage of Attending Shareholders: 40.46%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees: All the Board members attended the meeting, 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- Prince Dr. Badr bin Khalid Al-Saud

4- Dr. Ghazi bin Abdulrahim Al-Rawi

5- Mr. Abdulrahman bin Mohamed Al-Rawwaf

6- Mr. Saad bin Ibrahim Al-Mushawah

7- Eng. Ahmed bin Saleh Al-Sultan

8- Mr. Abdulmalik bin Khaled Al-Rajhi

9- Mr. Abdulaziz bin Majed Al-Kassabi

10- Mr. Bander bin Nasser Al-Tamimi

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 (Nomination and Remuneration 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 31-12-2025 has been reviewed and discussed.

2- Approval of the auditor's report for the fiscal year ending on 31-12-2025 after discussing it.

3- The consolidated financial statements for the fiscal year ending on 31-12-2025 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 2026 and the first quarter of the year 2027, with total agreed fees amounted of 900,000 Saudi Riyals.

5- Approval of absolving the members of the Board of Directors from liability for the year ending 31-12-2025.

6- Approval of the disbursement of an amount of (SAR 5,836,000) as remuneration to the members of the Board of Directors for the year ended on 31-12-2025.

7- Approval to authorize the Board of Directors to distribute interim dividends on a quarterly basis for the year 2026.

8- Approval to delegate the board of directors with the authority of the ordinary general assembly to grant the license stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for Listed Joint Stock Companies.