Investor Relations - Alwasail Industrial Company

Investor Relations

Company Brief

We are one of the largest and most prominent innovators, manufacturers, and suppliers of polyethylene pipes and fittings, irrigation equipment, communication channels, drinking water pipes and their supplies, gas and oil pipes and their supplies, and rubber products. The company produces medium and high-density polyethylene pipes and most fittings and network accessories in various types to meet the different needs of clients required for irrigation, water, gas, communication, and drainage projects. The company is supported by a distinguished technical team to assist clients and projects in various locations. The company also provides transportation to the project site as an added service through a special transportation department backed by a complete fleet of trucks. The company’s main administrative office is located in Buraydah city.

Signature

Investor Relations

Investor relations serve as the link between the Alwasail Industrial Company and its shareholders and potential investors. They are the entity authorized to manage communication between the Saudi Stock Exchange and the company. Investor relations aim to develop and improve relations between shareholders and the company by facilitating services with precisely considered strategic plans that are reviewed and developed annually in line with shareholder interests. Investor relations also handle the management and organization of the company's share registers, monitor the distribution of profit shares decided to be distributed, provide the relevant company departments with periodic reports and all circulars issued by regulatory bodies, and ensure their application.

They also keep the shareholder data received from the Saudi Stock Exchange "Tadawul" available when needed. Furthermore, they follow up on the obligations of the board members and senior executives regarding their company share ownership and trading blackout periods and publish all company announcements on the "Tadawul" site. They also handle preparations for regular and extraordinary general assemblies and address all shareholder inquiries.

Company Governance

Governance is an integral part of the company's core values. The company aims to adopt the highest standards of corporate governance, best practices, and adhere to them to continue delivering the highest value levels to our shareholders. We believe that applying the highest governance standards is essential for the integrity and sustainability of our business.

Audit Committee

The audit committee aims to ensure the sufficiency and effective implementation of the internal control system, supervises the performance of the internal audit management, follows up on the results of the external auditor's work, supports the independence and objectivity of internal and external audits, and assists the board of directors in fulfilling its responsibilities through effective control aimed at protecting the company's assets, the interests of its shareholders, and enhancing the level of risk at a reasonable cost.

Remuneration & Nominations Committee

The Company’s Remuneration and Nominations Committee is responsible for identifying, selecting and recommending candidates for membership in the Company’s Board of Directors in the event of vacancies or when alternatives for new members of the Board of Directors are available. The Committee submits its recommendations for suitable candidates for membership in the Board of Directors to the General Assembly of Shareholders, setting a clear policy for the compensation and remuneration of the Company’s Board of Directors members for membership in the Board in accordance with the Company’s Articles of Association and for the work of members in the Board’s committees and approving any amendments by the General Assembly, preparing an annual report containing details of the remuneration and compensation paid to members of the Board of Directors, members of the Board’s committees and senior executives of the Company for inclusion in the Company’s annual report, ensuring the independence of independent Board members, identifying the strengths and weaknesses of the Board and recommending their treatment in a manner consistent with the Company’s interest, and performing other tasks and responsibilities as detailed and consistent with these regulations.

Board of
Directors

The company's board of directors consists of seven members appointed by the ordinary general assembly. The board is responsible for managing the company, outlining its policies, determining its investments, overseeing its operations, assets, and handling its affairs both inside and outside the Kingdom to achieve its objectives.

Company Bylaws

Financial Reports &
Information

Alwasail | Investor Relations

At Alwasail, we understand the significance of financial transparency. We provide comprehensive financial information to help our investors make informed decisions. Our financial highlights include annual and semi-annual reports, such as the Consolidated Statement of Financial Position, Consolidated Statement of Profit and Loss, and Key Indicators. These reports provide insights into our financial performance, demonstrating our commitment to sustainable growth and value creation.

Frequently Asked Questions

This section addresses frequently asked questions related to company governance, market transition, and growth strategies.

A1: The company’s Articles of Association were amended, specifically Article (16) regarding the composition of the Board of Directors, in addition to the adoption of certain governance policies.

A2: On the contrary, there has been a 6% growth in sales compared to the previous year and a 37% growth in profits. Additionally, for the first time, semi-annual dividends were distributed due to the company’s strong results.

A5: These amendments are part of fulfilling the requirements for the main market.

A8: Yes, the company has projects and contracts under the Riyadh Green Initiative.

A9: To comply with governance procedures in line with the requirements of the Capital Market Authority.

A10: The company currently distributes annual and semi-annual dividends, and it is possible that quarterly distributions may occur in the future.

A11: The company continues to fulfill its contracts in the National Housing Company projects, according to the signed memorandum of understanding.

A12: Immediately after the approval of the new membership items in the general assembly, and it will be announced on the Tadawul website.

Connecting Value to Your Business

At Alwasail, headquartered in Buraydah, we are proud to serve our clients across Saudi Arabia and the GCC. With over 20 branches, we deliver quality and reliability, ensuring that our solutions bring value and efficiency to your business.

Strategic Partnership

We are committed to building partnerships that drive mutual growth and success for all involved.

Excellence

We strive for excellence in everything we do, delivering quality that exceeds expectations.

WE CARE

We care deeply about our community, environment, and partners, ensuring well-being and success for all.

OUR BUSINESS PARTNERS

At Alwasail, we value our strong partnerships with industry leaders. These collaborations drive our innovation and growth, helping us stay at the forefront of the industry. We are thankful for their support and look forward to continuing our journey together.

Saudi Aramco
Sabic
Sabic
Sabic

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