Amiantit board proposes dividend freeze for 2024

Logo of Saudi Arabian Amiantit Co.

Saudi Arabian Amiantit Co.’s board of directors recommended withholding dividends for 2024, citing that its reported profits are accounting gains with no cash flow available for distribution, the company said in a statement to Tadawul today, March 27.

 

The board's recommendation will be presented for a shareholder vote at the upcoming general assembly meeting, pending regulatory approval, it added.

 

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