National Building & Marketing recommends not distributing cash dividends for 2024

The National Building and Marketing Company announced the Board of Directors’ recommendation not to distribute cash dividends to shareholders for the fiscal year ending December 31, 2024.

According to the company’s statement on Tadawul, the reason for the recommendation is to continue completing the construction and financing of its existing and future projects in accordance with its strategy and to support the company’s cash flow and financial position.

The company indicated that this recommendation will be presented for a vote during the company’s next general assembly meeting, the date of which will be determined later after obtaining approval from the official authorities.