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Wednesday, March 29, 2023

Dangote Cement Board Approves N16 per Share Dividend

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Dangote Cement’s meeting of its Board of Directors held on March 18 2021, where the Board approved the recommendation of a dividend of N16.00 to the shareholders at the forthcoming Annual General Meeting.

This is in line with the strong profitability of Nigerian Cement companies as outlined by MoneyCentral in  recent piece.

The Board also approved the Audited Financial Statements of the Company for the year ended December 31 2020.

The Audited Financial Statements will be filed with the Nigerian Stock Exchange (NSE) on or before March 31 2021.

The Board of Directors of Dangote Cement Plc also confirmed the appointment of Guillaume Moyen as the substantive Group Chief Financial Officer, with effect from March 18, 2021.

Moyen joined Dangote Cement in February 2019 as Group CFO (Operations) and was appointed Acting Group Chief Financial Officer in March 2019.

He is in charge of Finance and IT and has more than 20 years’ experience in multi-national industrial and services companies notably operating in emerging and frontier markets.

His career cuts across Finance, Risk Management, Internal Control, Audit, IT and Procurement working in senior positions in Manufacturing, Engineering, Oil and Gas, Nuclear Energy, Mining and Consulting sectors notably with the Areva Group, the Ola Energy Group and KPMG.

Guillaume is a Chartered Accountant and holds an MBA degree from Columbia Business School.

The Board congratulates Guillaume and wishes him success in his role.

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