Najran Cement OGM refuses to pay SAR 2.9M board remuneration

27/06/2024 Argaam

Najran Cement OGM refuses to pay SAR 2.9M board remuneration

Logo of Najran Cement Co.

Najran Cement Co.'s shareholders decided not to pay SAR 2.9 million in board remuneration, at SAR 300,000 per member, as well as the additional Chairman remuneration at SAR 200,000, for 2023.
 

The decision was taken during the ordinary general meeting held on June 26, according to a Tadawul statement.

 

 

Meanwhile, shareholders approved other agenda items, including authorizing the board to pay interim dividends on a semi-annual or quarterly basis for 2024.

 

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