Riyadh – Mubasher: Najran Cement Company’s board invited the shareholders to attend the ordinary general meeting (OGM) on 27 March to discuss 2016 financial statements.
The meeting will vote on the board’s decision regarding the distribution of cash dividends of SAR 102 million for the second half of 2016 at SAR 0.6 per share, representing 6% of the nominal value.
The OGM will also consider choosing an external auditor to revise the quarterly and annual financial statements, according to a bourse filing on Monday.
The Saudi-listed company recorded profits of SAR 124.81 million in the twelve months of 2016 from SAR 255.62 million in the year-ago period, with a 51.2% decline.
