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Al Yamamah Steel to withhold dividend for H2 2017/2018

Steel News - Published on Thu, 10 Jan 2019

Image Source: argaam
Argaam reported that Al Yamamah Steel Industries Co.’s board of directors has recommended withholding cash dividend for the second half of the fiscal year ended September 30, 2018. The decision aims to support the company’s capital expansions and renewable energy project as well as steel towers for power generation project.

The decision is pending approval of the company’s general assembly.

Source :

Posted By : Ratan Singh on Thu, 10 Jan 2019
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