The Board of Directors of Saudi Arabian Mining Company (Maaden) meeting was held on Tuesday 22/03/1433H (corresponding to 14/02/2012). The Board has decided to recommend to the General Assembly that no dividend will be distributed for the fiscal year 2011.
The reason for the Boards recommendation not to distribute dividends for the fiscal year 2011, is the fact that Maaden is still in the process of developing major projects.
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