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.) a year ago

Disclosure: BOD meeting

On May 30, 2024, Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, was informed about an upcoming board meeting of the National Cement Company P.S.C. The meeting is scheduled for Tuesday, June 4, 2024, at 12:30 PM. The agenda includes the approval of the minutes from the previous meeting, discussing the company's business, and other related matters. The notification was sent by Mohammed Abdulla Ahmed Al Ghurair, the General Manager of the National Cement Company, with a copy also sent to the Securities and Commodities Authority.

1. Attached Document

Dubai Financial Market News

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

Disclosure: Resignation and appointment of a Board member

On May 29, 2024, the National Cement Company PSC disclosed the resignation of Mrs. Hind Issa Salem Issa Ali, an independent non-executive board member, effective the same day. Mr. Mazin Mohammad Muhiddeen Al Khatib has been appointed as the new independent non-executive board member. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and copied to the Securities and Commodities Authority. The announcement was made by Mohammed Abdulla Ahmed Al Ghurair, General Manager of the National Cement Company.

1. Attached Document

Dubai Financial Market News

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

Disclosure: Results of BOD Meeting

On May 29, 2024, the National Cement Company P.S.C. held a board meeting from 12:00 PM to 01:00 PM, attended by six members, achieving a quorum of 85.7%. The meeting resulted in the approval of the previous meeting's minutes, the resignation of Board Member Mrs. Hind Issa Salem Ali, and the appointment of Mr. Mazin Mohammad Muhiddeen Al Khatib as an independent, non-executive board member. Additionally, the company's business was discussed. The disclosure was addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and copied to the Securities and Commodities Authority.

1. Attached Document

FinDiesel

Commented on JohnnyDebts Transaction regarding National Cement Company (P.S.C.) a year ago

Solid move with National Cement, brother. Diversifying in Materials can strengthen your portfolio. Keep pushing for those gains. Remember, it's all about family and steady growth. 💪🚀

TomFlooz

Commented on FinDiesels Transaction regarding National Cement Company (P.S.C.) a year ago

Nice move with National Cement! Diversifying into Materials could balance out your Financials and Industrials. Keep an eye on the market dynamics—every sector has its moment to shine! 🚀

TomFlooz

Commented on CashwariyaRais Transaction regarding National Cement Company (P.S.C.) a year ago

Nice move on National Cement! Diversifying into Materials with a solid buy. Keep an eye on the market trends; this could boost your portfolio's yield. Keep pushing forward!

ShareUkKhan

Commented on QueenOfCommunications Transaction regarding National Cement Company (P.S.C.) a year ago

Ah, National Cement Company! Solid choice, my friend. With your impressive 1-month yield of 6.62%, this move could be another blockbuster hit in your portfolio. Keep rocking the market! 🌟

CashwariyaRai

Commented on QueenOfCommunications Transaction regarding National Cement Company (P.S.C.) a year ago

"Impressive move! National Cement Company is a solid choice in the Materials sector. Your portfolio's 6.62% 1-month yield is inspiring. Keep shining and making smart investments! 🌟"

Dubai Financial Market News

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

Disclosure: BOD meeting

The National Cement Company P S C has sent a letter to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, disclosing a board meeting scheduled for Wednesday, 29/05/2024 at 12:00 PM. The agenda includes approving the minutes of the previous meeting, discussing the company's business, and other related matters. The letter is also copied to the Securities and Commodities Authority.

1. Attached Document

Dubai Financial Market News

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

Disclosure: Financial statements for the 1st QTR of 2024

1. Attached Document

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