Logo of Hail Cement Co.
Hail Cement Co.’s shareholders authorized the board of directors to pay interim dividend on a semi-annual or quarterly basis for 2023, during the ordinary general meeting (OGM) held on April 5, according to a Tadawul filing.
Shareholders also approved the financial statements, along with board and audit reports for the fiscal year ended Dec. 31, 2022.
Meanwhile, they released the board members from liability for FY 2022 and appointed an external audit firm to audit the financial statements of the second and third quarters of 2023 as well as the annual statements for 2023, and the first quarter of 2024.
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