Najran Cement shareholders to vote on interim dividend for 2020 on April 8

Najran Cement Co.’s shareholders are set to vote on the board of director’s recommendations to distribute interim dividend on a semi-annual and quarterly basis for fiscal year 2020, through a teleconference meeting of the extraordinary general assembly to be held on April 8.

The company said in a statement to Tadawul that the due date and payment date will be determined as per regulations, and in accordance with the company’s financial position, cash flow and investment plans.

Shareholders will also vote on a number of deals including a cement transaction of SAR 1.2 million, where the company’s chairman is considered as a related party.

In addition, they will also vote on another transaction of SAR 7.2 million, where a board member is considered as a related party of the deal.