March 13, 2017

Al Hammadi Company for Development and Investment Announces Not to Distribute Dividends for the Financial Year 2016

The Board of Director of Al Hammadi Company for Development and Investment has recommended in its meeting that held on 12 March 2017 not to distribute dividends for the financial year 2016 and this to maintain strong and healthy cash flow position to continue supporting the Company operations and its current and future projects in line with the Company strategy under the Kingdom Vision 2030 and the Transformation Program 2020. The Board of Director recommendation in this regard will be presented to the next General Assembly for taking the decision.