The board of directors of Al Yamamah Steel Industries Co. recommended on Jan. 22 withholding dividend for the second half of 2019, the company said in a bourse statement on Wednesday.

 

The dividend freeze proposal, which is subject to the approval of the company's general meeting, came as the steel producer did not make profits for the fiscal year ending Sep. 30, 2019.

 

It is worth mentioning that Al Yamamah Steel recommended withholding dividend for the first 6 months of the fiscal year ending Sept. 30, 2019 due to its expansion strategy.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Al Yamamah Steel recommends withholding H1 2019 dividend

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request