National Cement Company (P.S.C.)

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.

The National Cement Company P S C Board held a meeting on 28/03/2024, with six members present, achieving a quorum of 85.7%. The board approved the minutes of the previous meeting, the audited financial statements for 2023, and the Corporate Governance Report for 2023. They also agreed to convene the Annual General Meeting and open nominations for membership, subject to relevant approvals. A recommendation was made to distribute cash dividends for 2023 at a rate of 15% of the nominal value of the shares, equivalent to 53,820,000 dirhams at a rate of 15 fils per share. The company's business was also discussed.

The National Cement Company P S C has notified the Dubai Financial Market CEO, Mr. Hamed Ahmed Ali, about a board meeting scheduled for 28/03/2024 at 09:30 AM. The agenda includes discussion of the audited financial statements for 2023, the company's business, and other related matters. The notification was also sent to the Securities and Commodities Authority. The message was signed by the General Manager, Mohammed Abdulla Ahmed Al Ghurair.

The National Cement Company PSC has disclosed preliminary financial results for the year ending 31st December 2023. The company, established on April 10, 1968, has a paid-up, subscribed, and authorized capital of AED 358,800,000. The Chairman of the Board is Mr. Rashid Saif Ahmed Al Ghurair, and the General Manager is Mr. Mohamed Abdulla Ahmed Al Ghurair. The company's external auditor is Ernst & Young. The company is based in Dubai, U.A.E.

The National Cement Company P S C held a board meeting on 12/02/2024 from 2:00 PM to 3:00 PM, with all seven board members present. The meeting resulted in the approval of the minutes of the previous meeting, approval of the preliminary financial statements for the year 2023, and a discussion on the company's business. The information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and also copied to the securities and commodities authority.

The National Cement Company P S C has scheduled a board meeting for Monday, 12/02/2024, at 2:00 PM. The agenda includes discussing the preliminary financial statements for the year 2023, the company's business, and other related matters. The information has been disclosed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and cc'ed to the securities and commodities authority. The communication was sent by the General Manager, Mohammed Abdulla Ahmed Al Ghurair.