Yanbu Cement board proposes dividend freeze for H2 2023

Yanbu Cement building

Yanbu Cement Co.’s board of directors recommended today, March 24, withholding dividends for H2 2023, the company said in a statement to Tadawul.

 

The dividend freeze is seen to boost the cement producer’s financial position, the statement added.

 

The company paid a cash dividend at 15%, or SAR 1.5 a share, for H1 2023.

 

Yanbu Cement reported a net profit of SAR 119.9 million for 2023, a decline of 44% from SAR 215.4 million a year earlier, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request