National Building shareholders approve dividend freeze for 2024

01/06/2025 Argaam
Logo ofNational Building and Marketing Co.

Logo of National Building and Marketing Co.

Shareholders of National Building and Marketing Co. (NBM) approved the board of directors’ recommendation to withhold dividends for 2024.

 

For more news on listed companies

 

In a statement to Tadawul, the company said shareholders also approved discharging board members from liability for the same year. They further agreed to pay SAR 125,000 in remuneration to the board members for 2024.

 

According to Argaam data, National Building’s board recommended dividend freeze for 2024 to support the completion and financing of the company’s current and future projects, in line with its strategy. The move also aims to enhance cash liquidity and strengthen the company’s financial position.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.