Najran Cement board decides to withhold H1 2023 dividend

12/10/2023 Argaam

Najran Cement board decides to withhold H1 2023 dividend

Najran Cement Co.’s board of directors recommended on Oct. 11 to withhold interim cash dividends for H1 2023, according to a statement to Tadawul.

 

The decision falls within the company’s plans to support the financial position and achieve its business growth strategy.

 

The board will later reconsider the feasibility of distributing cash dividends for H2 2023, based on the full-year cash flows, and will announce updates in due course.

 

Najran Cement's H1 2023 earnings declined marginally to SAR 36.3 million, compared to SAR 36.5 million in the prior year period, data compiled with Argaam showed.

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