Al Yamamah Steel approves withholding dividend for fiscal year ended September 2019

19/03/2020 Argaam

 

Al Yamamah Steel Industries Co.’s shareholders approved, on March 18, a board recommendation to withhold cash dividend for the fiscal year ended Sept. 30, 2019, the company said in a bourse statement.

 

Shareholders also elected, during the general assembly meeting, members of the board of directors for the upcoming three-year term starting on June 26, 2020.

 

The new board includes Saad Ibrahim Al Moajil, Raed Ibrahaim Suleiman Al Mudieheem, Muhanna Abdullah Al-Muhanna, Khalid A. Al-Shami, Abdulhamid Abdulaziz Mohamed AlOahly, Adnan A. Al-Mansour and Fouad Chraibi.

 

Meanwhile, the general assembly delegated the company’s board to distribute cash dividend for FY2020 on a quarterly or semi-annual basis and formed the board’s audit committee.

Comments {{getCommentCount()}}

Be the first to comment

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.