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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DFM News

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

Disclosure: Preliminary financial results for the year of 2023

The National Cement Company PSC has disclosed preliminary financial results for the year ending 31st December 2023. The company, established on April 10, 1968, has a paid-up, subscribed, and authorized capital of AED 358,800,000. The Chairman of the Board is Mr. Rashid Saif Ahmed Al Ghurair, and the General Manager is Mr. Mohamed Abdulla Ahmed Al Ghurair. The company's external auditor is Ernst & Young. The company is based in Dubai, U.A.E.

1. Attached Document

DFM News

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

Disclosure: Results of BOD meeting

The National Cement Company P S C held a board meeting on 12/02/2024 from 2:00 PM to 3:00 PM, with all seven board members present. The meeting resulted in the approval of the minutes of the previous meeting, approval of the preliminary financial statements for the year 2023, and a discussion on the company's business. The information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and also copied to the securities and commodities authority.

1. Attached Document

DFM News

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

Disclosure: BOD meeting

The National Cement Company P S C has scheduled a board meeting for Monday, 12/02/2024, at 2:00 PM. The agenda includes discussing the preliminary financial statements for the year 2023, the company's business, and other related matters. The information has been disclosed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and cc'ed to the securities and commodities authority. The communication was sent by the General Manager, Mohammed Abdulla Ahmed Al Ghurair.

1. Attached Document

FinDiesel

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

National Cement, bold move. Materials sector is a rocky road but can pay off. Keep the pedal to the metal. #NeverBackDown

ConsumerNinja

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

Bold move on National Cement, QueenOfCommunication! A rocky road with Materials lately, but that 1-day yield is smashing. Keep it up!

RealEstateKing

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

Great move on the National Cement Company buy! Utilities and Materials often complement each other well. Remember, real estate is also a solid investment. Keep an eye on those yields.

DFM News

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

Disclosure: Financial statements for the 3rd QTR of 2023

The document contains the unaudited interim condensed financial statements of the National Cement Company (Public Shareholding Co) as of 30th September 2023.

1. Attached Document

DFM News

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

Disclosure: Results of Board Decisions by Passing

On 14th November 2023, the Board of Directors of the National Cement Company P S C circulated a resolution approving the company's financial statements for the period ending 30th September 2023. This information was communicated to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, by Mohammed Abdulla Ahmed Al Ghurair, the General Manager of National Cement Company.

1. Attached Document

DFM News

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

Disclosure: Board Decisions by Passing

The Board of Directors of National Cement Company PSC has notified the Dubai Financial Market that they will be considering a resolution by circulation on Tuesday, 14th November 2023 at 12:00 PM. This resolution pertains to the adoption of the company's financial statements for the period ending 30th September 2023. The notification was also sent to the Securities and Commodities Authority.

1. Attached Document

DFM News

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

Disclosure: Result of BOD meeting

The National Cement Company P S C held a board meeting on 08/11/2023, from 01:00 PM to 02:00 PM, with 6 members present, achieving an 85.7% quorum. The meeting resulted in the approval of the minutes from the previous meeting and a discussion on the company's business. However, the discussion of the financial statements for the period ending 30/09/2023 was postponed. The information was disclosed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and the securities and commodities authority.

1. Attached Document

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