Riyadh – Mubasher: Saudi Arabian Mining Company’s (Maaden) board has recommended non-distribution of cash dividends for the full year 2019.

The board justified its proposal on the ground that it will allow the company to continue the completion of building and financing its ongoing projects, according to a bourse statement released on Thursday.

The recommendation will be presented to Maaden’s next general assembly meeting to be considered.

It is worth noting that Maaden swung to losses in Q3-19, recording SAR 92 million losses, against profits of SAR 414.9 million in Q3-18.