National Building shareholders to vote on dividend freeze for 2021 on May 19

National Building and Marketing Co.’s (NBM) shareholders will vote on withholding dividend for 2021, during the ordinary general meeting (OGM) that will be held on May 19, according to a bourse filing.

They will also vote on a group of business and contracts worth SAR 828.32 million for 2022. In March, NBM board of directors recommended withholding dividend for 2021 to support its ongoing plans, as well as future projects, boost liquidity and bolster its financial position, according to data available on Argaam.

Shareholders will vote on the agenda items as of May 16, through the Tadawulaty services.