“National Construction and Marketing” BOD recommends not distributing cash dividends for 2023

National Construction and Marketing announced the recommendation of the Board of Directors not to distribute cash dividends to shareholders for the financial year ending on December 31, 2023, in order for the company to continue to complete the construction and financing of its existing and future projects in accordance with its strategy and to support cash liquidity and financial position.

The company said in a statement today on “Tadawul” that this recommendation will be presented for voting during the next general assembly meeting, the date of which will be determined later after obtaining approval to hold it from the official authorities.