Northern Cement to withhold dividend for FY 2018

20/03/2019 Argaam

 

Northern Region Cement Co.’s board of directors has recommended to hold off on issuing a cash dividend for fiscal year 2018 in order to support the company’s future activities and boost its solvency margin.

 

The decision is pending approval by the company’s general assembly.

 

The cement producer hasn’t distributed cash dividend since H1 2016, according to data compiled by Argaam.

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