Qassim Cement Approves SAR 5.8M Board Remuneration

QACCO -0.28%

QACCO

3040.SA

42.22

-0.28%

Qassim Cement Company announced on April 1, 2026 the results of its 54th ordinary general assembly meeting held on March 31, 2026 at 18:30 via modern technology from the company's headquarters in Buraidah, with 40.46% shareholder attendance. The assembly approved key resolutions including the appointment of BDO Dr. Mohamed Al-Amri & Co. as auditor for 2026-2027 with total fees of SAR 900,000, disbursement of SAR 5,836,000 as board remuneration for 2025, and authorization for the board to distribute interim dividends quarterly for 2026. All board members attended the meeting, and shareholders also approved absolving directors from liability for 2025 and delegating certain authorities to the board in accordance with Companies Law requirements.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94143&anCat=1&cs=3040&locale=ar

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