Umm Al-Qura Cement shareholders to vote on transferring SAR 32.1M to retained earnings on April 29

28/03/2024 Argaam
Logo ofUmm Al-Qura Cement Co.

Logo of Umm Al-Qura Cement Co.

Umm Al-Qura Cement Co.'s shareholders will vote on transferring the balance of statutory reserve, amounting to SAR 32.07 million, as shown in financial statements for 2023, to the retained earnings account, during an extraordinary general meeting, to be held on April 29, the company said in a statement to Tadawul.

 

Shareholders will also vote on the board of directors’ recommendation not to distribute dividends to shareholders for 2023.

 

Other agenda items include authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2024, and electing board member for the next three-year term ending July 3, 2027.

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