Najran Cement not to distribute interim cash dividends to shareholders for H1

Najran Cement Company announced on Thursday the board of directors’ decision not to distribute interim cash dividends to shareholders for the first half of the fiscal year 2023.

The Company explained that the reason for the decision is to support and strengthen the financial position of the company to achieve its business growth strategy.

The Board of Directors will later check the feasibility of distributing cash dividends for the second half of the fiscal year 2023, based on the company’s cash flows for the full year 2023, and announce that in due course.