Vicem Cement Trading updates financial management regulations

Vicem Cement Trading JSC announced new and amended financial management regulations, effective September 23, 2025. These updates, approved by the board of directors, replace previous regulations from June 21, 2023. The revised framework details provisions for capital management, including the use of charter capital and other legitimate capital sources, emphasizing capital preservation and development through various financial measures.

Key changes involve approval thresholds for investment projects and asset transactions. The general meeting of shareholders will now decide on investment projects, construction, and asset purchases valued at 35% or more of the company’s total assets. The board of directors will handle projects between 10% and less than 35%, while the general director can approve projects under 10% of total assets, based on the latest financial statements. Similar thresholds apply to the sale of accounts receivable.

Additionally, the new regulations outline procedures for managing accounts receivable, inventory, and fixed assets, including depreciation rules and disposal methods. The company is committed to transparent financial reporting and the effective use of capital to enhance business performance.