Tabuk Cement board OKs 2024-26 dividend policy

Logo of Tabuk Cement Co.

Tabuk Cement Co.’s board of directors ratified the 2024-2026 dividend policy, maintaining a minimum dividend per share of SAR 0.25 semi-annually, subject to the company's performance, profits, cash flows, or as deemed appropriate by the board.

According to a statement to Tadawul today, Nov. 6, the dividend policy can be tweaked based on any fundamental change in the company's strategy, any obligations to financing parties that may arise in the future, or any other legal or regulatory considerations.

Shareholders are yet to vote on the planned dividend policy at the upcoming general assembly, the date of which will be announced later.