City Cement shareholders to vote on transferring SAR 211.2M to retained earnings on June 30

06/06/2024 Argaam
Production line in City Cement Co.

Production line in City Cement Co.

City Cement Co.’s shareholders will vote on transferring the statutory reserve amounting to SAR 211.2 million as per 2023 financial statements, to the retained earnings, during the extraordinary general meeting (EGM) slated for June 30, according to a statement to Tadawul.

 

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Shareholders will also vote on authorizing the board of directors to distribute interim cash dividends on a semiannual or quarterly basis for 2024, in addition to other agenda items, the statement added.

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