National Cement Company (P.S.C.)

Ticker/ISIN

NCC

AEN000901019

Market/Country

Dubai Financial Market

United Arab Emirates

About National Cement Company (P.S.C.)

Country of Origin: United Arab Emirates (U.A.E)

National Cement Company (Public Shareholding Co.), Dubai (“the Company”), is registered in accordance with the decree issued by His Highness Ruler of Dubai on April 10, 1968 establishing a cement company in the Emirate of Dubai and in accordance with the provisions of the UAE Federal Law No. 8 of 1984 (as amended).

The principal activity of the Company is to manufacture and sell cement and cement related products. The Company also invests in investment securities and derivative products. The Company is listed on the Dubai Financial Market since 2005.

Latest Pressrelease Summaries from National Cement Company (P.S.C.)

The Annual General Assembly Meeting of National Cement Company P.S.C. took place on March 17, 2025, at the company's headquarters in Al Quoz 3, Dubai. The meeting, chaired by Mr. Rashed Saif Ahmed Al Ghurair, had a quorum attendance of 81.96%. Key approvals included the Board of Directors’ report, auditor's report, balance sheet, and profit and loss account for the fiscal year ending December 31, 2024. A cash dividend of 20% of the nominal share value, totaling 71,760,000 dirhams, was approved. Board members' remuneration totaling 1,950,000 dirhams was sanctioned, and the Board and auditors were absolved of liability for 2024. M/s Grant Thornton was appointed as auditors for 2025 with a fee of AED 285,000. Mr. Mazen Muhammad Mohieddin Al-Khatib was appointed to the Board, replacing Mrs. Hind Issa Salem. A special decision was made to transfer 78,330,750 dirhams from the statutory reserve to retained earnings for 2025. The cash dividends are set to be paid on April 15, 2025, with key dates for entitlement outlined.

Disclosure: Resolutions of General Assembly

a month ago

The text is the title of the National Cement Company P.S.C.'s Integrated Report for 2024, with a focus on contributing to a better future and a better world.

Disclosure: Integrated report for the year 2025

2 months ago

The Board of Directors of National Cement Company P.S.C. made decisions on February 28, 2025. They approved the governance report for 2024 and addressed several business-related matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and copied to the Securities and Commodities Authority.

Disclosure: Results of Board Decisions by Passing

2 months ago

The Board of Directors of National Cement Company P.S.C is planning to make a decision by circulation on February 28, 2025. This decision will pertain to the governance report for the year 2024 and other company-related matters. The information has been communicated to the CEO of the Dubai Financial Market and the Securities and Commodities Authority has been copied on this correspondence.

Disclosure: Board Decisions by Passing

2 months ago

The National Cement Company has issued a clarifying disclosure regarding the approval of proxies, in line with Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders who have the right to attend the general assembly can delegate someone, who is not a board member, company employee, or employee of a securities brokerage company, to attend and vote on their behalf. This delegation must be in writing and explicitly state the agent's rights. The delegated person must not hold more than 5% of the company's issued capital. The shareholder's signature on the power of attorney must be verified by a notary public, a commercial chamber, a licensed bank or company, or any licensed attestation entity. The proxy form should include the contact details of both the shareholder and the brokerage firm that approved the proxy. The form serves as a guideline, allowing the shareholder to issue the proxy according to their preferred limits and powers, provided the signature is verified by one of the mentioned authorities. For further information or clarification, contact details are provided.

Disclosure: Invitation of General Assembly

2 months ago

The National Cement Company held a board meeting on December 2, 2025, chaired by CEO Hamed Ahmed Ali of the Dubai Financial Market. The meeting, attended by all seven board members, achieved a full quorum. Key decisions included the approval of the previous meeting's minutes, the audited financial statements for 2024, and the scheduling of the Annual General Meeting pending necessary approvals. Additionally, the board resolved to recommend a 20% cash dividend distribution to shareholders, amounting to 71,760,000 dirhams or 20 fils per share. The board also discussed the company's business affairs.

Disclosure: Results of BOD Meeting

2 months ago

This text is an official letter from National Cement Company PSC to the CEO of the Dubai Financial Market, dated 07/02/2025. It announces a board meeting scheduled for 12/02/2025 at 2:00 PM to approve the previous meeting’s minutes, discuss the company’s financial statements for 2024, review the company’s business, and cover other related matters. The letter is signed by the General Manager, with a copy sent to the Securities and Commodities Authority.

Disclosure: BOD meeting

2 months ago

On November 5, 2024, the National Cement Company held a board meeting from 10:00 AM to 11:30 AM with all seven board members present, achieving a 100% quorum. During the meeting, the board approved the minutes of the previous meeting and the financial statement for the period ending September 30, 2024. They also discussed the company's business. The information was disclosed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and copied to the Securities and Commodities Authority.

Disclosure: Results of BOD Meeting

6 months ago

Threads

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Dubai Financial Market News

News Update From National Cement Company (P.S.C.) 6 months ago

Disclosure: BOD meeting

The National Cement Company has scheduled a board meeting on Tuesday, November 5, 2024, at 10:00 AM. The agenda includes the approval of the previous meeting's minutes, discussion of the financial statements for the period ending September 3, 2024, discussion of the company's business, and other related matters. The notice is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and a copy has been sent to the Securities and Commodities Authority. The message is from Mohammed Abdulla Ahmed Al Ghurair, the General Manager of the National Cement Company.

1. Attached Document

Dubai Financial Market News

News Update From National Cement Company (P.S.C.) 8 months ago

Disclosure: Financial statements for the 2n QTR of 2024

1. Attached Document

Dubai Financial Market News

News Update From National Cement Company (P.S.C.) 8 months ago

Disclosure: Results of BOD Meeting

On August 8, 2024, the National Cement Company PSC held a board meeting from 11:00 AM to 12:00 PM, attended by six board members, achieving a quorum of 85.7%. The meeting resulted in the approval of the previous meeting minutes and the financial statement for the period ending June 30, 2024, as well as a discussion on the company's business. The disclosure was addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and was also copied to the Securities and Commodities Authority. The communication was signed by Mohammed Abdulla Ahmed Al Ghurair, General Manager of National Cement Company.

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Dubai Financial Market News

News Update From National Cement Company (P.S.C.) 9 months ago

Disclosure: BOD meeting

Date: 31/07/2024 Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Greetings, Subject: Disclosure of National Cement Company PSC Board Meeting Date and day of the meeting: Thursday, 08/08/2024 Meeting starting time: 11:00 AM Agenda of the meeting: 1. Approval of the minutes of the previous meeting. 2. Discussing the financial statements for the period ended 03/06/2024. 3. Discussing the company's business. 4. Other related matters. Best Regards, National Cement Company General Manager Mohammed Abdulla Ahmed Al Ghurair CC: Securities and Commodities Authority

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JohnnyDebt

Commented on CashwariyaRais Transaction regarding National Cement Company (P.S.C.) 10 months ago

Nice move grabbing National Cement at 2.4 AED! Materials sector has strong potential, especially with the infrastructure boom. Could be a solid long-term play. Keep an eye on those dividends! 🚀

BondSharesBond

Commented on QueenOfCommunications Transaction regarding National Cement Company (P.S.C.) 10 months ago

Interesting move acquiring National Cement. Diversifying into materials while holding strong in communication services—an intriguing strategy. Keep your eye on market shifts, it could pay off handsomely.

TradevesterStallone

Commented on JohnnyDebts Transaction regarding National Cement Company (P.S.C.) 10 months ago

Yo, solid move! National Cement's a rock-solid pick, especially at 2.5 AED per share. Materials sector's got some heavy-hitters, and you're right in the mix. Keep punching, champ! 💪🪨

FinDiesel

Commented on TradevesterStallones Transaction regarding National Cement Company (P.S.C.) 10 months ago

Solid move grabbing shares of National Cement Company! Cement is a foundational material—literally. This could be a strong play for the long haul. Stay strong and keep building that portfolio! 💪🧱 #Materials #InvestSmart

CashwariyaRai

Commented on QueenOfCommunications Transaction regarding National Cement Company (P.S.C.) 10 months ago

Great move! National Cement Company is a solid choice in the Materials sector. Diversifying with such strong fundamentals can really cement your portfolio's growth. Keep shining! 🌟

Dubai Financial Market News

News Update From National Cement Company (P.S.C.) a year ago

Disclosure: Results of BOD Meeting

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