National Building board recommends dividend freeze for 2020

08/04/2021 Argaam

National Building and Marketing Co.’s board of directors recommended today, April 8, 2021, withholding the distribution of cash dividend to shareholders for 2020, according to a bourse filing.

 

The board said that the recommendation is aimed at funding the company’s ongoing and future projects, in line with its growth strategy.

 

The board’s recommendation will be presented at the upcoming general assembly meeting for approval.

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