Answers for frequently asked questions
Below are the most frequent questions from shareholders. Please, click on "answer" on the right side below each question and an appropriate answer will scroll down.
What is the status of the company's capital payment?
The number of Al Badia Cement shares is 9,670,000,000 at a nominal value of 100 SYP per share. The shareholders already paid 100% of the nominal value of shares.
The issuance of temporary Certificate
The company issued and delivered in 2009 temporary certificates to its shareholders, showing the name of the shareholder and number of shares owned, this certificate is stamped on the back side with seals that prove the payments made.
What are the current prices for Al Badia Cement shares?
The shares of Al Badia Cement are not listed with the Damascus Securities Exchange. Therefore, it is not possible to provide any information about the current sales prices in the market.
Are Al Badia Cement stocks already listed in Damascus Securities Exchange?
Currently, the company follow-up and prepare the required documents for the listing in Damascus Securities Exchange.
How can shareholders access the company’s financial statements?
Al Badia Cement (JSC) publishes its financial statements periodically on the company’s website and in the Syrian Commission on Financial Markets and Securities website.
What are the latest updates on the construction and building of Al Badia cement plant?
Construction of Al Badia Cement plant is complete and is already put into actual production during the first quarter of 2011 to be one of the most modern cement plants, which works according to the best advanced technologies and environmentally friendly in the Middle East. As of the second quarter of 2011 the company started direct marketing of cement Portland high-quality (Al Jamal) of both types of bagged and bulk.
What is the meeting of the General Assembly of the company? Is there a specific date for the Assembly meeting?
Pursuant to the Companies Law issued by Legislative Decree No. /29/ for the year 2011 the Public Joint Company holds the meeting upon an invitation from the Board of Directors for the Ordinary General Assembly once a year at least, during the four months following the end of the company’s fiscal year, where the Board of Directors Annual Report is reviewed and discussed. Each shareholder has the right to attend the meeting and vote on its decisions.
What are the procedures followed for advertising the invitation for the General Assembly Meetings?
According to Article No. /173/ of the Companies Law, the company invites shareholders to the General Assembly Meetings through announcement published twice in two daily newspapers, in addition to sending invitations to attend the meeting via E-mail available to shareholders, if available.
Inquiries about decisions taken during the meetings of the General Assembly
After the General Assembly Meeting the Investor Relations Department provide the shareholders via e-mail with a summary of the GA issued decisions, in addition to the possibility of checking the decisions through the company's website.
What is the specified way for obtaining the company’s annual report?
Shareholders can receive a copy of the company annual report individually from the Investor Relations Department, at the Headquarters of the company; also they can access the annual report through the company's website at the following link:
Public auction for the company's shares, which shareholders did not settle capital installments
In accordance with Article /92/ of the Companies Law promulgated by Legislative Decree No. /29/ for 2011, Al Badia Cement held two public auctions for the sale of shares of shareholders who did not settle the second, third and fourth installments of the company’s capital. Shareholders whose shares were sold at the auction may kindly contact the Investor Relations Department to receive the due amounts, , with their ID and shares’ certificate.
Reduction of the company's capital
Al Badia Cement reduced its capital from 12.2 billion SYP to 9.76 billion SYP by virtue of the Non-Ordinary General Assembly resolution adopted on June 8th, 2011 through cancelling the last payment of capital installments and reducing the nominal value of the company’s shares from 500 Syrian pounds to 400 SYP.
Split of the company’s shares of the company and its purpose
Pursuant to the Companies Law promulgated by Legislative Decree No. /29/ in 2011 Al Badia Cement and upon resolution from Non-Ordinary General Assembly on June 8th , 2011 carried out shares split by splitting each share into four shares and amended the share nominal value from /400/ SP to /100/ SP. The split operation was carried out on October 25th, 2011 by resolution No. /115/M issued by the Syrian Commission on Financial Markets and Securities.
The aim of the share split is to reduce the market value per share and to increase the liquidity of listed shares by doubling the number of shares available for exchange in the market.
Investor Relations Department
Tel: +963 11 9798 \ Ext: 12
Fax: +963 11 2140095