Al Jouf Cement shareholders reject amending article of association on dividend distribution

Al Jouf Cement Co.’s shareholders rejected the recommendation to amend article of association related to the distribution of dividend, during the extraordinary general meeting (EGM) held on March 15.

The shareholders, however, approved amending other articles of association, according to a bourse statement.

They ratified amending articles of association related to the company's objectives, participation and ownership in companies, head office, board meetings, the quorum of EGMs, the formation of the audit committee, and the audit committee work regulations.