Saudi Arabian Amiantit Co. announces the board of director's decision to not distribute dividends for the Fiscal Year 2024G
Element List | Explanation |
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Introduction | Saudi Arabian Amiantit Company announces the Board of Directors' resolution as recommendation to the General Assembly not to distribute cash dividends to shareholders for the fiscal year 2024G. |
Date of the board’s decision | 2025-03-27 Corresponding to 1446-09-27 |
Reasons for Not Recommending Distribution | The reason for not distributing dividends is that the realized profits are accounting profits and did not result in a cash flow for the company to distribute the profits. |
Additional Information | This recommendation will be presented to the General Assembly for vote, which will be scheduled to meet later after obtaining approval from the official authorities. |
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