City Cement Approves SAR 16.7M Gas Contract

CITY CEMENT

CITY CEMENT

3003.SA

0.00

City Cement Co. announced on June 29, 2026 the results of its Extraordinary General Assembly meeting held on June 28, 2026 at 20:30 at the company's headquarters in Riyadh, with 30.97% shareholder attendance. The assembly approved multiple resolutions including SAR 2,262,000 in board member remuneration for fiscal year 2025, authorization of a natural gas connection contract with First Gas Company valued at SAR 16,711,205, and delegation of authority to the Board of Directors to distribute interim dividends on a biannual/quarterly basis for fiscal year 2026. Additionally, shareholders approved amendments to several articles of the company's bylaws covering corporate governance matters including company term, participation in other companies, share repurchases, and board powers.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96466&anCat=1&cs=3003&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.