Yanbu board approves early settlement cost

Riyadh - Mubasher: The board of Yanbu Cement Company approved in its decision on 22 December the cost of the early settlement program (Golden Cheque), which totalled SAR 22.4 million, according to a bourse filing.

Yanby said in a statement to the Saudi Stock Exchange (Tadawul) on Monday that the amount represents 10.7% of the company’s profits in the same quarter in 2015, it worth noting that the cost negative effect is only limited to the profits of the fourth quarter of 2016.

Mubasher Contribution Time: 02-Jan-2017 18:55 (GMT)
Mubasher Last Update Time: 02-Jan-2017 18:55 (GMT)