Yanbu Cement shareholders to vote on SAR 787.5M reserve transfer on May 7

16/04/2026 Argaam
Logo ofYanbu Cement Co.

Logo of Yanbu Cement Co.

Shareholders of Yanbu Cement Co. will vote on a board proposal to transfer the entire statutory reserve of SAR 787.5 million at a general meeting scheduled for May 7, the company said in a statement to Tadawul.

 

Under the proposal, SAR 393.75 million will be transferred to the contractual reserve in line with the company’s bylaws, while the remaining SAR 393.75 million will be moved to retained earnings.

 

Shareholders will also consider authorizing the board to distribute interim dividends for 2026 on a semi-annual or quarterly basis, the statement added.

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