Umm Al-Qura Cement shareholders to vote on transferring SAR 32.1M to retained earnings on April 29

28/03/2024 Argaam

Umm Al-Qura Cement shareholders to vote on transferring SAR 32.1M to retained earnings on April 29

Logo of Umm Al-Qura Cement Co.

Umm Al-Qura Cement Co.'s shareholders will vote on transferring the balance of statutory reserve, amounting to SAR 32.07 million, as shown in financial statements for 2023, to the retained earnings account, during an extraordinary general meeting, to be held on April 29, the company said in a statement to Tadawul.

 

Shareholders will also vote on the board of directors’ recommendation not to distribute dividends to shareholders for 2023.

 

Other agenda items include authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2024, and electing board member for the next three-year term ending July 3, 2027.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read