Al Yamamah Steel board recommends no dividend for H2 2021/22

22/12/2022 Argaam

Al Yamamah Steel board recommends no dividend for H2 2021/22

Logo of Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co.’s board of directors recommended today, Dec. 22, no dividend payout for the second half of the fiscal year ended Sept. 30, 2022.

 

The company will rather focus on financing future projects, according to a statement on Tadawul.

 

The steel producer added that work is underway on Al Yamamah wind energy systems project in Yanbu Industrial City. The project’s commissioning is scheduled for Q3 2023.

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