The audit committee's opinion Loans and statement of the company's and its subsidiaries' total indebtedness. Ownership of the company's and any subsidiaries' shares and debentures by board members, relatives, senior employees and their wives and minor children. Remuneration for members of the board, its committees and the executive board.
The number of the company's requests for the share register as well as the dates and reasons for such requests. One of our company's main goals has been to activate the role of digital transformation in all the company's sectors. Yanbu Cement Company achieves a high percentage of the goals of the initiatives of the fourth industrial revolution, and the company seeks to develop the artificial intelligence program based on the latest automated technologies owned by the company.
The company also managed to increase the production capacity of the fourth line to 9,000 tons per day within a few years, which amounts to 2.7 million tons per year. The company's membership highlights the company's energy efficiency programs and efforts to reduce carbon dioxide production.
Turtle Sanctuary Development Project (Turtle Protection Initiative)
Turtles
Safe Park
Based on the company's role of serving the community as an integral part of what it affects and is affected by, it is committed to its social responsibility towards many segments of society.
Financial
Summary of financial performance
The company’s assets, liabilities, and business results in the fiscal years from 2018G to 2022G
Audit Committee Opinion
Audit Committee Opinion on the Adequacy of Financial and Administrative Systems
Loans and a statement of the total indebtedness of the company and its subsidiaries
All bank facilities for the company’s operations are compliant with the provisions of Islamic Sharia )Islamic commercial facilities(
Government Payments & Payables )Thousand SAR(
Dividends Distribution Policy
Summary of Operational
Summary of Operational Performance
Company’s Strategy
Risk Management
Governance, Compliance and Shareholders Relations Department
Quality Management
Human Resources
Safety and Security
Description of The Main Business Activities of The Company and Its Subsidiaries
Yanbu Cement Company
Saudi-Kuwaiti Yanbu Company for Paper Products
Description of the main business activities of the company and its subsidiaries .. Geographical analysis of export sales revenue Yanbu Cement Company (clinker and cement) (million SAR).
Geographical analysis of export sales revenues Yanbu Cement Company )clinker and cement( )SAR million(
Burkina Faso
USA - Florida
SenegalYemen
Total 282,908
Mozambique
Bangladesh
South Africa Togo and Lomo
KenyaGuinea
Mauritania
Port
Puerto Rico
Tanzania
Cement Knowledge Center
Yanbu Cement Company partnered with Danish engineering company FLSmidth to launch the Cement Knowledge Center for training in 2019, which is the first of its kind in the Middle East and North Africa. The center contributes to the preparation of local talent and expertise in the Kingdom of Saudi Arabia in line with the goals of the Kingdom's vision 2030. It also offers a range of short, medium and long term training courses in the cement industry.
Geographical analysis of total revenue for Knowledge Center for Cement Training for the year 2022G (SAR).
05 Corporate Governance
Corporate Governance
Implemented and non-implemented provisions of these Regulations, and justifications
Ensuring the viability of the company's continuation, the successful continuity of its activities and identifying risks that threaten its existence in the next twelve months; Regularly reassessing the company's risk-taking ability and exposure to these risks (for example, through stress tests); 10. checking the independence of employees in risk management from risks in the company and work on raising awareness of risk culture;
11. ensure that the risk management employees understand the risks that threaten the Company and seek to increase awareness of the risk culture; and. 12. reviewing any issues raised by the audit committee that may affect the company's risk management. The risk management committee will meet periodically at least every (six months) and as may be necessary.
Methods for resolving complaints or disputes that may arise between the Company and the stakeholders. Ensure that the company's transactions with Board Members and Related Parties are entered into on terms identical to the terms of transactions with Stakeholders without any discrimination or bias. The company will establish programs to develop and encourage the participation and performance of the company's employees.
Forming committees or holding specialized workshops to hear the opinions of the company's employees and discuss the issues and topics that are the subject of important decisions. Establishing a scheme for granting company shares or a percentage of corporate profits and employee pension schemes, and establishing an independent fund for such scheme. The Ordinary General Meeting will, on the basis of the recommendation of the Board of Directors, establish a policy that ensures a balance between its objectives and those of the community, with a view to developing the social and economic conditions of the community.
If the Board of Directors establishes a corporate governance committee, it shall grant it the powers as specified in article (94) of these Regulations. Such committee shall oversee all matters relating to the implementation of the governance and shall provide the Council with its reports and recommendations at least annually. Members of the Board of Directors and committees, their current and previous positions, qualifications and experience.
Members of the Board of Directors and committees, their current and previous positions, qualifications, and experience
Mr. Fahd bin Sulaiman Al Rajhi
Diploma in Marketing from the International Marketing Institute, Marketing Management Certificate from the International Marketing Institute, Cambridge (United States) 1976,.
Mr. Fahd bin Saleh Al Ajlan
Mr. Ibrahim bin Hamad Al Rashed
Mr. Ali Bin Abdullah Al Ayed
Eng. Riyad bin Abdulrahman Aba Alkhail
Mr. Turki bin Musaed Al Mubarak
Mr. Abdulaziz Bin Sulaiman Al-Rajhi
Mr. Salah bin Abdulrahman Al Huzami
Companies in which a member of the company›s board of directors is a member of its current and previous
Names of companies where a member of the board is a member of its current boards or one of its managers. Names of companies in which a director was a member of its current boards or. The board is a member of its current boards or one of its managers.
Board Committees
The Audit Committee supports the Board of Directors by reviewing the effectiveness of risk management and internal audit, reviewing financial statements, verifying the effectiveness of anti-fraud procedures, as well as establishing mechanisms that allow company employees to convey their observations regarding any irregularities. in financial or other reports in a confidential manner. The Committee supports the Board of Directors in terms of nominations by proposing clear policies and criteria for the membership of the Board of Directors and Executive Management by verifying the independence of independent members and the absence of any conflict of interest. In addition, identifying the weaknesses and strengths of the Board of Directors and proposing solutions to address them in relation to remuneration through the preparation of a clear policy for the remuneration of members of the Board of Directors, Board committees and executive management to improved the motivation of the management team and the retention of distinguished cadres.
Members of the Executive Management, their current and previous positions, qualifications, and experience
Ownership of Board members, relatives, senior executives and their wives and the minor children in
Remuneration Mechanism
Remunerations of the members of the Board of Directors, its committees and the executive
Benefits in kind Remuneration for technical work Remuneration of the chairman, managing director or secretary if he is a member Total. Earnings Percentage Periodic Remuneration Short Term Incentive Plan Long Term Incentive Plans Shares Granted Total. Executive Management is responsible for managing the day-to-day operations of the company and proposing and implementing strategic decisions including the Chief Executive Officer, Chief Financial Officer and Deputy Chief Executive Officer.
The Nominating and Remuneration Committee submits its recommendations to the Board of Directors for approval regarding executive management compensation and increases. The Board of Directors determines the indicators for evaluating the performance of the executive management based on the recommendation of the Appointments and Remuneration Committee. The Nomination and Remuneration Committee submits to the Board of Directors for approval its recommendations regarding the key performance indicators of executive management for approval and are related to remuneration.
The Nomination and Remuneration Committee submits its recommendation to the Board of Directors for approval, based on the CEO's proposal on the annual compensation for the company's executive management and employees.
Remunerations and compensation paid to five senior executives during the year 2022
General Assemblies Meetings During 2022& Present Members of the Board
Board meetings
The number of company requests for the shareholder register, and their dates and reasons.
Number of the company’s requests for the shareholders register, and dates and reasons of such
Company Announcements on Tadawul Website
Any Penalty, Sanction, Precautionary Measure or Precautionary Restriction imposed on the Company
Results of the Annual Review of the Effectiveness of the Company’s Internal Control Procedures
Procedures taken by the Board to inform its members, Non-Executive Directors in particular, of shareholders›
Board
Declaration and conclusion
Board of Directors’ Declaration
Conclusion