Al Yamamah Steel shareholders to vote on withholding dividends for FY2019

17/02/2020 Argaam

 

Al Yamamah Steel Industries Co.’s (Al Yamamah Steel) general assembly is set to vote on March 18 on a number of items, including withholding cash dividends for fiscal year (FY) ending Sep. 30, 2019, according to a bourse statement on Monday.

 

The assembly will also vote on authorizing the company’s board of directors to distribute interim dividends whether quarterly or semi-annual for FY2020.

 

Al Yamamah Steel distributed cash dividends at SAR 2.75 per share for FY 2016 and SAR 1.5 per share for FY2017.

 

For FY2018, the company’s board recommended withholding cash dividends.

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