Saudi Cement Schedules AGM with 0.80 SAR Dividend
SAUDI CEMENT 3030.SA | 34.60 | -0.12% |
Saudi Cement Co. announced on March 29, 2026 that its Board of Directors is inviting shareholders to attend the 67th Ordinary General Assembly Meeting (First Meeting) scheduled for April 29, 2026 at 18:30 via the Tadawulaty Platform from the company's headquarters in Dammam. The meeting agenda includes key items such as approving the Board of Directors' recommendation to distribute cash dividends of 0.80 riyals per share (8% of share capital) totaling 122.4 million riyals for the second half of 2025, with distribution scheduled for May 11, 2026. Other significant agenda items include voting on related party transactions with Cement Industry Products Company Ltd. (28,854,608 riyals for cement bags) and Wataniya Insurance Company (6,020,204 riyals for insurance coverage), appointing external auditors for 2026-2027, and authorizing the Board of Directors with Ordinary General Assembly powers for one year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93865&anCat=1&cs=3030&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7372_425_2026-03-28_22-45-54_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/7372_425_2026-03-28_22-46-33_en.pdfImportant 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.