The general assembly of Fujairah Cement Industries Company agreed to withdraw from listing on the Kuwait Stock Exchange.
According to Al-Ittihad, the company said in a statement, that the general assembly agreed not to distribute cash dividends or bonus shares.
The profits of Fujairah Cement Industries Company, listed on the Abu Dhabi and Kuwait Stock Exchanges, fell by 36% during the past year, to reach 8.7 million dirhams, compared to profits amounting to 13.6 million dirhams in 2018.
The reason for the decrease in profits during the period is the decrease in revenues by 17%, while financing costs increased by 40%, to reach 37.3 million dirhams, compared to 26.7 million dirhams.
