Saudi Arabian Amiantit Company’s board of directors said on Sunday that it will not issue a cash dividend for 2014.
The recommendation will be submitted to the general assembly, and the board will decide whether or not to issue a dividend for 2015.
The pipe manufacturer is trying to keep its financial position strong, according to the company’s statement to Tadawul, Saudi’s bourse.
Amiantit reported a net profit of SAR 82.6 million (SAR 0.72 per share) for 2014, according to data compiled by Argaam.
Comments
{{DisplayName}}
{{ElapsedTime}}