Qassim Cement’s shareholders authorize board to declare quarterly dividend for 2022

Logo of Qassim Cement Co.

Qassim Cement Co.’s shareholders approved the distributed dividend to shareholders amounted to SAR 315 million (SAR 3.50 per share) for the first, second, third and fourth quarters of 2021, during the ordinary general meeting (OGM), held on March 23, according to a bourse filing.

Shareholders also agreed to delegate the board of directors to declare interim dividends on a quarterly basis for 2022.

They also approved discharging board members from liability for last year.

Meanwhile, the approved the payment of SAR 2.8 million in board remuneration for the year ended on Dec. 31, 2021, in addition to approving the board and auditor reports and financial statements for 2021.

Additionally, they appointed an external auditor to review and audit financial statements for Q2, Q3, and Q4 2022, and Q1 2023.